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Deductions & credits
thx for the info! I had the wrong impression of my employers Dependent Care Flexible Spending Account. I intuitively thought, "Great, the pre-tax contributions to help pay for some child care". But in reality, the tax benefit is net zero after my contributions are added back into our taxable income. Oh well. it seems that the dependent care benefits provide a tax advantage to married filing jointly if both spouses earn income.
‎September 16, 2024
2:39 PM