Was the full $5,000 contributed to the DCFSA not deducted from income for the year? $5000 was reported in box 10 of the W-2.
The DCFSA is a great deal, especially since it also protects us from employee FICA taxes. Given our income, it makes most sense to contribute to the DCFSA rather than elect the child and dependent care credit. I was a little surprised since the limit was temporarily raised in 2021 to $8,000 for one child, which allowed us to take advantage of the credit in addition to the DCFSA last tax season.
