In 2023 I paid mor than 15K in daycare - but my deduction is only for $600 - should be more? 20% with a maximum of $3K?
021103
2 Replies
CatinaT1
Expert Alumni
Apr 12, 2024 12:00:11 PM
It sounds like you might have Dependent Care Benefits in box 10 of your W2.
How many children do you have?
AmeliesUncle
Level 15
Apr 12, 2024 2:35:44 PM
You can use up to $3000 of expenses (for one child). That means you are using $3000 of expenses, multiplied by 20%, which is $600. Everything sounds correct.