For calendar year 2022, my wife and I contributed the maximum allowed ($5,000) to an employer-sponsored Dependent Care FSA (DCFSA). Our qualified childcare expenses for one child as reported on form 2441 for the year were approximately $18,000. Since we funded the DCFSA to $5,000 for 2022 and the limit for qualifying expenses for one child in 2022 is only $3,000, it appears we do not qualify for the child and dependent care credit.
Am I reading this correctly?
