Hello,
I want to confirm if TT ia treating my dependent care expenses appropriately and calculating the correct credit.
Here is my exact situation:
I have twins who went to daycare for about 2 months towards the end of 2022. The total daycare fee for 2022 was $4953.
My wife had a balance of $357 in her dependent care FSA account as of Dec 31, 2022. This reported as such in her W2.
Here is my question: what is the correct amount in Line 2 column (d) (qualified expenses)? Should it total to $4953 or should it be $4953-$357=$4596?
I am asking because I am fairly certain TT is NOT subtracting my FSA contribution, but other softwares like Cash App and FreetaxUSA are and now I am not clear on who is correct.
Would much appreciate some inputs here.
Than
