topic Re: Can I withhold $5,000 of pre-tax dependent daycare and have my wife do the same to withold a total of $10,000? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952228#M108036 <P>Thank you, I think this is the answer I needed. But now I have another. If we file jointly does it matter which withholds the money since we don't make the same amount?</P> Fri, 08 Nov 2019 01:07:14 GMT ericalancorbin 2019-11-08T01:07:14Z Can I withhold $5,000 of pre-tax dependent daycare and have my wife do the same to withold a total of $10,000? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total-of/01/951952#M108011 Thu, 07 Nov 2019 17:06:26 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total-of/01/951952#M108011 ericalancorbin 2019-11-07T17:06:26Z Re: Can I withhold $5,000 of pre-tax dependent daycare and have my wife do the same to withold a total of $10,000? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952017#M108012 <P>You can but there is no benefit for doing so ... the excess will simply be added back into your income&nbsp; on the tax return so you will gain nothing.&nbsp;&nbsp;</P> Thu, 07 Nov 2019 18:43:01 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952017#M108012 Critter 2019-11-07T18:43:01Z Re: Can I withhold $5,000 of pre-tax dependent daycare and have my wife do the same to withold a total of $10,000? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952050#M108015 <P>What if I spend over $10,000 a year in childcare? I don't plan to have any excess.&nbsp;</P> Thu, 07 Nov 2019 19:20:58 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952050#M108015 ericalancorbin 2019-11-07T19:20:58Z Re: Can I withhold $5,000 of pre-tax dependent daycare and have my wife do the same to withold a total of $10,000? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952063#M108017 <P>If you are referring to a Dependent Care FSA, the contribution limit is $5,000 for a married couple fling jointly, or $2,500 per parent if filing separately.</P> Thu, 07 Nov 2019 19:36:59 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952063#M108017 TomD8 2019-11-07T19:36:59Z Re: Can I withhold $5,000 of pre-tax dependent daycare and have my wife do the same to withold a total of $10,000? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952068#M108018 <P>You can spend a million dollars on child care ... but the limit on the day care credit&nbsp; form 2441 is $5K per the IRS regs ... so although the employers may allow you both to put $5K in the FSA it will do you no good.&nbsp;&nbsp;</P> Thu, 07 Nov 2019 19:42:41 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952068#M108018 Critter 2019-11-07T19:42:41Z Re: Can I withhold $5,000 of pre-tax dependent daycare and have my wife do the same to withold a total of $10,000? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952228#M108036 <P>Thank you, I think this is the answer I needed. But now I have another. If we file jointly does it matter which withholds the money since we don't make the same amount?</P> Fri, 08 Nov 2019 01:07:14 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952228#M108036 ericalancorbin 2019-11-08T01:07:14Z Follow up https://ttlc.intuit.com/community/tax-credits-deductions/discussion/follow-up/01/952231#M108037 <P>Thank you, I think this is the answer I needed. But now I have another. If we file jointly does it matter which withholds the money since we don't make the same amount?</P> Fri, 08 Nov 2019 01:15:14 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/follow-up/01/952231#M108037 ericalancorbin 2019-11-08T01:15:14Z Re: Follow up https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-follow-up/01/952378#M108054 <P>&lt;&lt;If we file jointly does it matter which withholds the money since we don't make the same amount?&gt;&gt;</P> <P>&nbsp;</P> <P>No, not as long as you file jointly and the total combined contribution does not exceed $5,000.</P> Fri, 08 Nov 2019 15:33:48 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-follow-up/01/952378#M108054 TomD8 2019-11-08T15:33:48Z Re: Follow up https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-follow-up/01/952431#M108066 <P>Thank you so much I appreciate your help so we can make educated decisions.&nbsp;</P> Fri, 08 Nov 2019 17:38:25 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-follow-up/01/952431#M108066 ericalancorbin 2019-11-08T17:38:25Z
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topic Re: Can I withhold $5,000 of pre-tax dependent daycare and have my wife do the same to withold a total of $10,000? in Deductions & credits
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<P>Thank you, I think this is the answer I needed. But now I have another. If we file jointly does it matter which withholds the money since we don't make the same amount?</P>
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Can I withhold $5,000 of pre-tax dependent daycare and have my wife do the same to withold a total of $10,000?
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total-of/01/951952#M108011
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Re: Can I withhold $5,000 of pre-tax dependent daycare and have my wife do the same to withold a total of $10,000?
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952017#M108012
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<P>You can but there is no benefit for doing so ... the excess will simply be added back into your income&nbsp; on the tax return so you will gain nothing.&nbsp;&nbsp;</P>
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Re: Can I withhold $5,000 of pre-tax dependent daycare and have my wife do the same to withold a total of $10,000?
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952050#M108015
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<P>What if I spend over $10,000 a year in childcare? I don't plan to have any excess.&nbsp;</P>
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Re: Can I withhold $5,000 of pre-tax dependent daycare and have my wife do the same to withold a total of $10,000?
</title>
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952063#M108017
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<P>If you are referring to a Dependent Care FSA, the contribution limit is $5,000 for a married couple fling jointly, or $2,500 per parent if filing separately.</P>
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<pubDate>Thu, 07 Nov 2019 19:36:59 GMT</pubDate>
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Re: Can I withhold $5,000 of pre-tax dependent daycare and have my wife do the same to withold a total of $10,000?
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952068#M108018
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<P>You can spend a million dollars on child care ... but the limit on the day care credit&nbsp; form 2441 is $5K per the IRS regs ... so although the employers may allow you both to put $5K in the FSA it will do you no good.&nbsp;&nbsp;</P>
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<dc:date>2019-11-07T19:42:41Z</dc:date>
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Re: Can I withhold $5,000 of pre-tax dependent daycare and have my wife do the same to withold a total of $10,000?
</title>
<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-withhold-5-000-of-pre-tax-dependent-daycare-and-have-my-wife-do-the-same-to-withold-a-total/01/952228#M108036
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<P>Thank you, I think this is the answer I needed. But now I have another. If we file jointly does it matter which withholds the money since we don't make the same amount?</P>
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<pubDate>Fri, 08 Nov 2019 01:07:14 GMT</pubDate>
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/follow-up/01/952231#M108037
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<P>Thank you, I think this is the answer I needed. But now I have another. If we file jointly does it matter which withholds the money since we don't make the same amount?</P>
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<pubDate>Fri, 08 Nov 2019 01:15:14 GMT</pubDate>
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<dc:creator>ericalancorbin</dc:creator>
<dc:date>2019-11-08T01:15:14Z</dc:date>
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-follow-up/01/952378#M108054
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<P>&lt;&lt;If we file jointly does it matter which withholds the money since we don't make the same amount?&gt;&gt;</P> <P>&nbsp;</P> <P>No, not as long as you file jointly and the total combined contribution does not exceed $5,000.</P>
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<pubDate>Fri, 08 Nov 2019 15:33:48 GMT</pubDate>
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<dc:date>2019-11-08T15:33:48Z</dc:date>
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<title>Re: Follow up</title>
<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-follow-up/01/952431#M108066
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<description>
<P>Thank you so much I appreciate your help so we can make educated decisions.&nbsp;</P>
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<pubDate>Fri, 08 Nov 2019 17:38:25 GMT</pubDate>
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<dc:creator>ericalancorbin</dc:creator>
<dc:date>2019-11-08T17:38:25Z</dc:date>
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