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Retirement tax questions
I have the same problem. I added all dependent care provider expenses correctly...total nearly $25K this year. When I add W2 Box 10 Dependent Care Benefits value of $5,000 (aka, the maximum allowed for Dependent Care Flexible Savings Account), this increases my tax bill by $1,000. This should be a nontaxable benefit--why is my tax bill increasing when this value is added?
‎June 7, 2019
3:04 PM