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    <title>topic $5000 for child care expense through my employer in Deductions &amp; credits</title>
    <link>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/5000-for-child-care-expense-through-my-employer/01/2867235#M275357</link>
    <description>&lt;P&gt;So, questions.&amp;nbsp; I work for a company that has many "legal entities" it owns.&amp;nbsp; I worked for Merrill for 6 months, then transitioned roles to Bank of America July 1.&amp;nbsp; So 6 months in each role.&amp;nbsp; This is one company, but the change means i get 2 W2s.&amp;nbsp;&amp;nbsp;&lt;/P&gt;&lt;P&gt;&amp;nbsp;&lt;/P&gt;&lt;P&gt;My Merrill W2, excludes the $5000 in child care reimbursement from taxes, and everything over, got added to box 1 on my W2 (and was taxed appropriately through payroll).&lt;/P&gt;&lt;P&gt;&amp;nbsp;&lt;/P&gt;&lt;P&gt;My BOA W2, (even though it is a separate EIN) understands that the $5000 was already excluded from taxes, so all of my child care reimbursement (was taxed appropriately through payroll) is added to box 1 on my W2.&lt;/P&gt;&lt;P&gt;&amp;nbsp;&lt;/P&gt;&lt;P&gt;Turbo tax, thinks that since it is a new company, that the BOA is also holding back $5000 from box 1 on my W2, so they are adding it back into my wages.&lt;/P&gt;&lt;P&gt;&amp;nbsp;&lt;/P&gt;&lt;P&gt;Basically i am getting taxed twice on that $5000.&amp;nbsp; How do i account for this on my turbo tax return.&lt;/P&gt;&lt;P&gt;Thank you in advance!&lt;/P&gt;</description>
    <pubDate>Mon, 23 Feb 2026 13:05:36 GMT</pubDate>
    <dc:creator>brian193</dc:creator>
    <dc:date>2026-02-23T13:05:36Z</dc:date>
    <item>
      <title>$5000 for child care expense through my employer</title>
      <link>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/5000-for-child-care-expense-through-my-employer/01/2867235#M275357</link>
      <description>&lt;P&gt;So, questions.&amp;nbsp; I work for a company that has many "legal entities" it owns.&amp;nbsp; I worked for Merrill for 6 months, then transitioned roles to Bank of America July 1.&amp;nbsp; So 6 months in each role.&amp;nbsp; This is one company, but the change means i get 2 W2s.&amp;nbsp;&amp;nbsp;&lt;/P&gt;&lt;P&gt;&amp;nbsp;&lt;/P&gt;&lt;P&gt;My Merrill W2, excludes the $5000 in child care reimbursement from taxes, and everything over, got added to box 1 on my W2 (and was taxed appropriately through payroll).&lt;/P&gt;&lt;P&gt;&amp;nbsp;&lt;/P&gt;&lt;P&gt;My BOA W2, (even though it is a separate EIN) understands that the $5000 was already excluded from taxes, so all of my child care reimbursement (was taxed appropriately through payroll) is added to box 1 on my W2.&lt;/P&gt;&lt;P&gt;&amp;nbsp;&lt;/P&gt;&lt;P&gt;Turbo tax, thinks that since it is a new company, that the BOA is also holding back $5000 from box 1 on my W2, so they are adding it back into my wages.&lt;/P&gt;&lt;P&gt;&amp;nbsp;&lt;/P&gt;&lt;P&gt;Basically i am getting taxed twice on that $5000.&amp;nbsp; How do i account for this on my turbo tax return.&lt;/P&gt;&lt;P&gt;Thank you in advance!&lt;/P&gt;</description>
      <pubDate>Mon, 23 Feb 2026 13:05:36 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/5000-for-child-care-expense-through-my-employer/01/2867235#M275357</guid>
      <dc:creator>brian193</dc:creator>
      <dc:date>2026-02-23T13:05:36Z</dc:date>
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    <item>
      <title>Re: $5000 for child care expense through my employer</title>
      <link>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867290#M275366</link>
      <description>&lt;P&gt;If you have the Dependent Care Benefits in Box 10 of your W2, you will have to go to the Child Care section in Deductions and enter the qualified expenses ($5000), then TurboTax will remove it as taxable income. &amp;nbsp;&lt;/P&gt;</description>
      <pubDate>Tue, 07 Feb 2023 21:45:12 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867290#M275366</guid>
      <dc:creator>MaryK4</dc:creator>
      <dc:date>2023-02-07T21:45:12Z</dc:date>
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    <item>
      <title>Re: $5000 for child care expense through my employer</title>
      <link>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867303#M275367</link>
      <description>&lt;P&gt;yes, i understand that part.&amp;nbsp; I can do that for the $5000 that Merrill listed as not taxable.&lt;/P&gt;&lt;P&gt;&amp;nbsp;&lt;/P&gt;&lt;P&gt;But even if i do $10,000 (to account for Merilll and BOA) it only allows a $5000 deduction.&lt;/P&gt;&lt;P&gt;&amp;nbsp;&lt;/P&gt;&lt;P&gt;My question is more around what i posted.&amp;nbsp; BOA adding the $5000 to box 1 on my W2, but turbo tax thinks they didnt.&amp;nbsp; The issue is Turbo tax thinks Merrill and BOA are two separate companies, but they are not.&lt;/P&gt;</description>
      <pubDate>Tue, 07 Feb 2023 21:48:44 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867303#M275367</guid>
      <dc:creator>brian193</dc:creator>
      <dc:date>2023-02-07T21:48:44Z</dc:date>
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      <title>Re: $5000 for child care expense through my employer</title>
      <link>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867325#M275371</link>
      <description>&lt;BLOCKQUOTE&gt;&lt;HR /&gt;&lt;a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/801333"&gt;@brian193&lt;/a&gt;&amp;nbsp;wrote:&lt;BR /&gt;
&lt;P&gt;yes, i understand that part.&amp;nbsp; I can do that for the $5000 that Merrill listed as not taxable.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;But even if i do $10,000 (to account for Merilll and BOA) it only allows a $5000 deduction.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;My question is more around what i posted.&amp;nbsp; BOA adding the $5000 to box 1 on my W2, but turbo tax thinks they didnt.&amp;nbsp; The issue is Turbo tax thinks Merrill and BOA are two separate companies, but they are not.&lt;/P&gt;
&lt;HR /&gt;&lt;/BLOCKQUOTE&gt;
&lt;P&gt;If you have 2 W-2s, and both of them list $5000 in box 10, then you need to get one or both W-2s corrected. &amp;nbsp;Even if you diddle Turbotax to make it look right, the IRS will come after you because the W-2s make it look like you received $10,000 in excluded day care benefits.&amp;nbsp;&lt;/P&gt;</description>
      <pubDate>Tue, 07 Feb 2023 21:55:18 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867325#M275371</guid>
      <dc:creator>Opus 17</dc:creator>
      <dc:date>2023-02-07T21:55:18Z</dc:date>
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    <item>
      <title>Re: $5000 for child care expense through my employer</title>
      <link>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867338#M275374</link>
      <description>&lt;P&gt;Yeah, that is the question.&amp;nbsp; The W2s dont need to be corrected, they are correct.&amp;nbsp; Turbo tax should have a way to understand affiliate businesses.&amp;nbsp; I received the reimbursement, so they have to show it.&amp;nbsp; I wish they would have just excluded from box 1.&amp;nbsp; but if they did, they are breaking IRS rules, as $5000 has already been excluded, and they cannot legally exclude more just because turbo tax doesnt understand&lt;/P&gt;</description>
      <pubDate>Tue, 07 Feb 2023 21:58:35 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867338#M275374</guid>
      <dc:creator>brian193</dc:creator>
      <dc:date>2023-02-07T21:58:35Z</dc:date>
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    <item>
      <title>Re: $5000 for child care expense through my employer</title>
      <link>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867371#M275379</link>
      <description>&lt;BLOCKQUOTE&gt;&lt;HR /&gt;&lt;a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/801333"&gt;@brian193&lt;/a&gt;&amp;nbsp;wrote:&lt;BR /&gt;
&lt;P&gt;Yeah, that is the question.&amp;nbsp; The W2s dont need to be corrected, they are correct.&amp;nbsp; Turbo tax should have a way to understand affiliate businesses.&amp;nbsp; I received the reimbursement, so they have to show it.&amp;nbsp; I wish they would have just excluded from box 1.&amp;nbsp; but if they did, they are breaking IRS rules, as $5000 has already been excluded, and they cannot legally exclude more just because turbo tax doesnt understand&lt;/P&gt;
&lt;HR /&gt;&lt;/BLOCKQUOTE&gt;
&lt;P&gt;You're going to have to find a smarter accountant than me. &amp;nbsp;If you work for two legally separate businesses and get 2 W-2s, then you should not have the same DCB listed twice. &amp;nbsp;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;I think your BOA W-2 is wrong. &amp;nbsp;If the $5000 is added to your box 1 wages, it should not be listed in box 10. &amp;nbsp;Or, if they list the DCB in box 10, they should not also add it to box 1.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;There is no procedure in the forms or instructions for the dependent care benefit that will allow you to correct this situation with your existing W-2s. &amp;nbsp;If you file as-is, you might be able to alter your entries to pay the correct tax (I can suggest 2 ways), but the IRS will come after you for the discrepancy. &amp;nbsp;You would then have to explain to them what the problem was and how you fixed it, and hope you can convince them.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;It would be much better to get a corrected W-2.&lt;/P&gt;</description>
      <pubDate>Tue, 07 Feb 2023 22:10:00 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867371#M275379</guid>
      <dc:creator>Opus 17</dc:creator>
      <dc:date>2023-02-07T22:10:00Z</dc:date>
    </item>
    <item>
      <title>Re: $5000 for child care expense through my employer</title>
      <link>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867408#M275384</link>
      <description>&lt;P&gt;Box 10 specifically states anything over the allotted amount will also be added to box 1.&amp;nbsp; So that part is pretty standard.&lt;/P&gt;&lt;P&gt;&amp;nbsp;&lt;/P&gt;&lt;P&gt;So if i work for 1 company, and get 9000.&amp;nbsp; 9000 is in box 10, and 4000 gets added to box 1 on the W2.&amp;nbsp; That is standard procedure.&amp;nbsp; So things being in both places is not only normal, but required.&amp;nbsp; The issue only comes up because&amp;nbsp; i have 2 W2 from 1 company.&amp;nbsp; if they were 2 separate companies, i wouldnt have the issue.&lt;/P&gt;</description>
      <pubDate>Tue, 07 Feb 2023 22:26:46 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867408#M275384</guid>
      <dc:creator>brian193</dc:creator>
      <dc:date>2023-02-07T22:26:46Z</dc:date>
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    <item>
      <title>Re: $5000 for child care expense through my employer</title>
      <link>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867519#M275400</link>
      <description>&lt;BLOCKQUOTE&gt;&lt;HR /&gt;&lt;a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/801333"&gt;@brian193&lt;/a&gt;&amp;nbsp;wrote:&lt;BR /&gt;
&lt;P&gt;if they were 2 separate companies, i wouldnt have the issue.&lt;/P&gt;
&lt;HR /&gt;&lt;/BLOCKQUOTE&gt;
&lt;P&gt;I think that's basically the issue.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;Suppose you worked 6 months for Bank A, and received $8000 in day care assistance. &amp;nbsp;Box 10 would show $8000 and box 1 would be increased by $3000.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;Then you worked 6 months for Bank B, and they also provided generous day care assistance in the amount of $7000. &amp;nbsp;Box 10 would show $7000 and box 1 would be stepped up by $2000.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;In this case, because you received $10,000 in dependent care benefits and the maximum exclusion is $5000, Turbotax should add another $5000 to your taxable income, because--since you used up the $5000 tax free amount at Bank A--the entire benefit at Bank B should have been taxable.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;If I understand your problem, Merrill gave you (let's say) $8000 in dependent care assistance, reported $8000 in box 10 and added $3000 to box 1. &amp;nbsp;Then you got a separate W-2 from BOA. &amp;nbsp;BOA provided $7000 of dependent care assistance and reported it in box 10, but also added the entire $7000 to box 1, because they coordinated with Merrill and knew you exceeded your limit.&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;Your tax return would be correct if BOA had not added the DCB to box 1, because any tax program would make that amount taxable automatically. &amp;nbsp;Your tax return would also be correct if BOA had simply added the dependent care amount to box 1 and left box 10 blank. &amp;nbsp;And really, BOA did not provide you with any tax-free dependent care benefit because you used up the tax-free amount at Merrill.&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;Assuming your assessment of the situation is correct, you can fix this by&amp;nbsp;&lt;/P&gt;
&lt;P&gt;a. leaving your BOA box 10 blank in Turbotax&lt;/P&gt;
&lt;P&gt;b. reducing your BOA box 1 amount by $5000&lt;/P&gt;
&lt;P&gt;c. filing a "substitute W-2 form" to report your BOA W-2 using the values that should be there rather than what is there (a blank box 10).&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;Any of these methods is likely to get you a letter from the IRS assessing income tax on the missing $5000 unless you can explain yourself to their satisfaction. &amp;nbsp;You also aren't supposed to use the substitute W-2 form until you have requested a corrected W-2 and waited a reasonable amount of time, or been refused.&amp;nbsp;&lt;/P&gt;</description>
      <pubDate>Tue, 07 Feb 2023 22:59:19 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867519#M275400</guid>
      <dc:creator>Opus 17</dc:creator>
      <dc:date>2023-02-07T22:59:19Z</dc:date>
    </item>
    <item>
      <title>Re: $5000 for child care expense through my employer</title>
      <link>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867535#M275404</link>
      <description>&lt;P&gt;Yes, that is my issue to the tee.&amp;nbsp; and the numbers are almost spot on by chance.&amp;nbsp; Merrill is owned by Bank of America, they are 1 company.&amp;nbsp; i am seeing if they can adjust box 1, but i dont think they will, and i am at a loss for what to do next.&amp;nbsp; Thanks, for looking at it with me, even though i dont have an answer, it still helps.&lt;/P&gt;</description>
      <pubDate>Tue, 07 Feb 2023 23:06:23 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867535#M275404</guid>
      <dc:creator>brian193</dc:creator>
      <dc:date>2023-02-07T23:06:23Z</dc:date>
    </item>
    <item>
      <title>Re: $5000 for child care expense through my employer</title>
      <link>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867541#M275406</link>
      <description>&lt;BLOCKQUOTE&gt;&lt;HR /&gt;&lt;a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/801333"&gt;@brian193&lt;/a&gt;&amp;nbsp;wrote:&lt;BR /&gt;
&lt;P&gt;Yes, that is my issue to the tee.&amp;nbsp; and the numbers are almost spot on by chance.&amp;nbsp; Merrill is owned by Bank of America, they are 1 company.&amp;nbsp; i am seeing if they can adjust box 1, but i dont think they will, and i am at a loss for what to do next.&amp;nbsp; Thanks, for looking at it with me, even though i dont have an answer, it still helps.&lt;/P&gt;
&lt;HR /&gt;&lt;/BLOCKQUOTE&gt;
&lt;P&gt;From your story, all the box 1 amounts are correct. &amp;nbsp;You need the box 10 amount removed from the second W-2.&amp;nbsp;&lt;/P&gt;</description>
      <pubDate>Tue, 07 Feb 2023 23:07:43 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2867541#M275406</guid>
      <dc:creator>Opus 17</dc:creator>
      <dc:date>2023-02-07T23:07:43Z</dc:date>
    </item>
    <item>
      <title>Re: $5000 for child care expense through my employer</title>
      <link>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2868021#M275457</link>
      <description>&lt;P&gt;your situation raises a question. if both are one employer you can not claim any excess FICA if the total of your FICA wages are over $147,000. you can only do that if they are separate employers.&amp;nbsp;&lt;/P&gt;</description>
      <pubDate>Wed, 08 Feb 2023 02:33:31 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-5000-for-child-care-expense-through-my-employer/01/2868021#M275457</guid>
      <dc:creator>Mike9241</dc:creator>
      <dc:date>2023-02-08T02:33:31Z</dc:date>
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