Should I be receiving a Dependent Care Credit? I am filing jointly, my wife and I both have W2 Income, and have legit daycare expenses. It says I don't qualify though.

[alyssaakibbe]

Total daycare costs are over $12k for 1 child. We have EIN numbers and the correct information from the daycare. We have an FSA account of $5k we spent out

[DavidD66 · Accepted solution]

Based on the information you provided you would not qualify because you only have one eligible child and you used $5,000 in a Dependent Care FSA . The $5,000 FSA amount must be subtracted from the $3,000 maximum allowable expenses for one child.  This leaves $0 eligible expenses for the credit.