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Box 10 of your W-2 shows the total amount of dependent care benefits that your employer paid to you or incurred on your behalf. Amounts over $5,000 are also included in box 1.
Hey Bsch, thanks for the quick response. I'm little confused. In my instance, Y is under $5,000 and Z is exactly $5,000. If we apply that $5,000 rule, shouldn't my total income be X+Z and not X+Y?
The amounts in box 10 are not included in your income.
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