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Deductions & credits
If there is only one child, the maximum expenses that can be claimed for the credit is $3,000. The maximum is reduced by the FSA amount, so the $5,000 FSA reduces the maximum to zero, thus eliminating the credit.
Are you getting paid for preparing someone else's tax return? A paid preparer cannot use TurboTax.
‎September 24, 2023
1:23 PM