Solved: I have taken the childcare reimbursement for the past few years for a total of 5,000 paid out through the year. Does this make me ineligible to claim the 3k per child?
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I have taken the childcare reimbursement for the past few years for a total of 5,000 paid out through the year. Does this make me ineligible to claim the 3k per child?

 
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Level 15

I have taken the childcare reimbursement for the past few years for a total of 5,000 paid out through the year. Does this make me ineligible to claim the 3k per child?

Your maximum eligible expenses for the dependent care credit is $3000 for one qualifying child and $6000 for 2 or more qualifying children.  The maximum FSA benefit is $5000.  If you have one child in care, you have already maxed out your benefit by using the $5000 FSA and can't get any additional credit.  If you have 2 or more children in care, the remaining $1000 difference between the FSA limit and the dependent credit limit is eligible for the credit. Turbotax will claim it automatically.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

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3 Replies
Level 15

I have taken the childcare reimbursement for the past few years for a total of 5,000 paid out through the year. Does this make me ineligible to claim the 3k per child?

Do you mean a flexible spending account at work? Or something else.
*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
New Member

I have taken the childcare reimbursement for the past few years for a total of 5,000 paid out through the year. Does this make me ineligible to claim the 3k per child?

yes
Level 15

I have taken the childcare reimbursement for the past few years for a total of 5,000 paid out through the year. Does this make me ineligible to claim the 3k per child?

Your maximum eligible expenses for the dependent care credit is $3000 for one qualifying child and $6000 for 2 or more qualifying children.  The maximum FSA benefit is $5000.  If you have one child in care, you have already maxed out your benefit by using the $5000 FSA and can't get any additional credit.  If you have 2 or more children in care, the remaining $1000 difference between the FSA limit and the dependent credit limit is eligible for the credit. Turbotax will claim it automatically.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

View solution in original post

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