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Deductions & credits
Pretty sure thats incorrect. I know rules have changed but both on turbotax and the IRS website it says that you can use both, you just cant claim the same expenses you claimed with the FSA. So i would need to have 5k in childcare expenses for the FSA, and an additional 3k for the dependent care credit
Or as turbotax puts it: "you have 5000 of employer provided care benefits. In order to receive this credit, your expenses must be more than this amount"
‎February 8, 2023
6:24 AM