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Deductions & credits
I think looking at the actual tax form may help. I went through and highlighted where the dependent benefits go on the form. The red is for actual expenses. Please take a special look at the bottom section where it says to claim the credit.
Line 27 is either $3,000 or $6.000
Line 28 will be your FSA expenses.
Line 29 subtract. If zero or less stop.
Line 30 actual expenses
Line 31, smaller or line 29 or line 30 for credit.
I think Congress needs to update allowed expenses for childcare.
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‎April 14, 2023
10:30 AM