I'm not too sure which one the FSA for dependent care would cancel out or if the FSA cancels out both credits.. My husband and I both have open enrollment for FSAs right now, (we understand only one of us can enroll but we'll see whos plan works out best if we go this route.) but Im wondering if its worth doing FSA for dependent care and we save more paying with pre tax dollars, or the usual dependent care and child tax credits we usually file for, or if we can do an FSA and still qualify for an additional credit? Any insight would be great since we've never enrolled in FSA before.
We file married jointly, 25% earning bracket, 3 dependents, and expenses come out to about 10k for childcare only.
