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Deductions & credits
Ok great. That’s what I assumed there. The first 5k is tax free then the remainder would be claimed on the dependent care as An additional $1000. Would it be possible to claim $3000 each on the dependent care credit instead of doing the FSA. I can’t recall. Does it split up the amount on a per kid basis. Or when I enter my amount paid for each kid. Does it just combine it? So one kid I enter the 8320 and the other I enter 600. Will it lump them together then give me the 6k credit? Or will it give me 3k for one child and 600 for the other child? I hope that makes sense. I know what I mean. Ha!
June 3, 2019
5:23 PM