topic Can you use FSA for one child and dependent care credit for another child? in Deductions & credits

Can you use FSA for one child and dependent care credit for another child?

refund4us2 — Wed, 05 Jun 2019 22:29:02 GMT

It's all rolled together on one form. With 2 qualifying...

Opus 17 — Wed, 05 Jun 2019 22:29:04 GMT

It's all rolled together on one form. With 2 qualifying children, you can claim maximum eligible expenses of $6000. If you have a $5000 FSA, then an additional $1000 of expenses will be applied toward the credit.

I had 2400 in fsa, I used for 1 child. Can I use the 3000...

refund4us2 — Wed, 05 Jun 2019 22:29:05 GMT

I had 2400 in fsa, I used for 1 child. Can I use the 3000 dependent care expenses for the 2nd child? Or did I mess up thinking I could use FSA for one child? Their bills are paid separately and I only submitted FSA claims for the 1st child.

Enter all your qualified expenses. If you paid $2400 of...

Opus 17 — Wed, 05 Jun 2019 22:29:06 GMT

Enter all your qualified expenses. If you paid $2400 of care expenses from an FSA, you can use up to $3600 of care expenses toward the credit. Just enter both your qualifying children, your care providers, and all your qualifying expenses, and the program will figure it out.

Great, thank you!

refund4us2 — Wed, 05 Jun 2019 22:29:08 GMT

Great, thank you!