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Deductions & credits
The way I read it as well, is we should each be able to contribute 2500 to our FSA and use that for dependent care expenses.
The problem is on box 10 of my w2 it lists 2500. When doing the child interview my wife claims the kid and then it tells me I am not eligible. I then have to pay 600 more in taxes which equates to the tax on the 2500.
I don’t understand why TurboTax is taking that 2500 as taxable income.
January 29, 2024
8:17 PM