DawnC
Expert Alumni

Deductions & credits

If the $5K was in Box 10 of your W-2, you already got a tax deduction for that.   If you have more than one child, you can get an additional $1k deduction from the Dependent Care Credit.   That thousand along with the $5K tax free w-2 amount would be $6K - which is the maximum amount of expenses that qualify for the Dependent Care Credit, with 2 qualifying children.  @Daniel 10  

 

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