Reported $5K in Dep. Care FSA via my job for single child, but TurboTax still says I'm eligible for the Dependent Care Tax Credit. Is this an error? If so, how can I fix?
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
Reported $5K in Dep. Care FSA via my job for single child, but TurboTax still says I'm eligible for the Dependent Care Tax Credit. Is this an error? If so, how can I fix?
Reported $5K in Dep. Care FSA via my job for single child, but TurboTax still says I'm eligible for the Dependent Care Tax Credit. Is this an error? If so, how can I fix?
Generally, you cannot claim the FSA and the dependent care tax credit for the same expenses. However, if your expenses exceed $5,000, then you may be entitled to claim both.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.