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Dependent care FSA tax saving for AGI above $120k? Comparing with Child Care Tax Credit
I understand that if your AGI is higher than $120k, you can't claim total $5k for dependent care FSA for married filed jointly or $2.5k for single or married filed separately. Can you provide the formula how much tax you can save for high income? Let's assume you have AGI $200k with one child filling for married filed separately, Dependent Care FSA or Child Care Tax credit can save more tax? Thank you
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‎June 4, 2019
12:41 PM