Bill, thanks for clarifying the difference between the Child and Dependent Care Credit and dependent care FSA.
You have all the facts right. I have one dependent child, and I spent $11,772 on his childcare, of which $4,583 came from my FSA; the remaining $7,189 was out of pocket.
(I still have to clarify with my employer why my W-2 says $4,583 instead of the $5,000 that I believe I contributed, but that's a side issue.)
