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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.
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‎June 4, 2019
12:36 PM