rossmacmurray
Returning Member

Can I use both the Child Care Credit and the Dependent Care FSA in one tax year?

Two married parents, 1 child age 5.

Three childcare providers in 2017.

1)  Nanny paid $4,489.39, paid partially with $4,400 in FSA funds.

2)  Pre-School provider paid $1,950.

3)  YMCA after-school care paid $2,244.

AGI of parents in $250,000 range for 2017.  Typical $5,000 FSA amount was reduced to $4,400 by FSA administrator due to income.