When you type in your W2, you will record the pretax Dependent Care in Box 10. When you visit the Dependent Care section under Deductions and Credits, you enter your expenses. The program automatically adds any excess deferral to line 7 of your tax return.
You can preview your 1040 here:
- My Account
- Tools
- View Tax Summary
- Preview 1040
- Look at line 7 Wages. You will see a notation "DCB" for any benefits that go back into your income.
