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u18cg490
New Member

Child care dependent is not calculated. TP has 65k income Child care expense is $20K FSA DC on box 10 is $5k TP is not getting dependent care credit. what's wrong?

TP is filing as HOH, claiming her son as dependent.   
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3 Replies
rjs
Level 15
Level 15

Child care dependent is not calculated. TP has 65k income Child care expense is $20K FSA DC on box 10 is $5k TP is not getting dependent care credit. what's wrong?

If there is only one child, the maximum expenses that can be claimed for the credit is $3,000. The maximum is reduced by the FSA amount, so the $5,000 FSA reduces the maximum to zero, thus eliminating the credit.


Are you getting paid for preparing someone else's tax return? A paid preparer cannot use TurboTax.

 

u18cg490
New Member

Child care dependent is not calculated. TP has 65k income Child care expense is $20K FSA DC on box 10 is $5k TP is not getting dependent care credit. what's wrong?

no, I am not tax preparer.  

u18cg490
New Member

Child care dependent is not calculated. TP has 65k income Child care expense is $20K FSA DC on box 10 is $5k TP is not getting dependent care credit. what's wrong?

I am not getting paid. 

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