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Deductions & credits
Thank you very much for the response. After looking closer at the sheet, it appears since we have one child ($3,000 allowable expenses) and maxed out the dependent care account (it is pre-tax) at $5,000, then we don't qualify for the credit.
It appears I made the incorrect assumption that if I had more expenses >$5,000 then those would be eligible for the credit, but that's not the case. Thanks again for the help.
‎February 15, 2025
9:58 PM