MayaD
Expert Alumni

Deductions & credits

Yes. You are not eligible to claim the credit if you have one child and you contributed 5k to a dependent care FSA. 

You are getting the tax benefit by excluding $5000 from your taxable income.

For more information check: irs.gov

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"