Thank you @marctu and @K M W for your responses. Much appreciated.
It looks like what @K M W suggested that we are not eligible to get the childcare expense credit where as what @marctu mentioned in that we'll be eligible?
A few follow up questions please:
- Is there a limit on how much does the spouse online business has to earn in order to claim the child care expense credit? and depending on the income, does it affect the credit in any way?
- Assuming we are eligible to get the childcare expense credit, opening the Dependent Care Flexible Spending account make sense or should we claim the credit at the tax return time?
