KrisD15
Expert Alumni

Deductions & credits

If you have one qualifying child, your limit is 3,000. 

If you have two or more, the limit is 6,000. 

 

Take the limit that applies to you and subtract the amount of the Dependent Care FSA amount listed in Box 10 of your W-2. 

 

If there is any limit left, you can use that amount to justify a credit. 

 

In other words, if you have one qualifying child, and 3,000 or more Dependent Care FSA, you are not eligible for a credit. 

If you have two or more qualifying children, and 6,000 or more Dependent Care FSA, you are not eligible for a credit. 

 

 

As CatinaT1 pointed out, the credit is less generous for Tax Year 2022 than it was for Tax Year 2021. 

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