Unfortunately, no, you cannot do any adjustments now for 2023. You can of course make changes now for this tax year 2024. The FSA can save parents money on childcare, but the FSA will limit or eliminate the Dependent Care Credit. In some situations, the FSA is better and in others, the credit is better. But yes, you would have been better off to not do the FSA last year. The Ins and Outs of the Child and Dependent Care Credit. If you notice at the bottom of that article, it talks about using an FSA and it says ''it may save money'' - - it is not a given.
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