The amount of pre-tax dollars from your employer to pay for childcare cannot be used for the Child and Dependent Care Credit. This amount is reflected in Box 10 of your W-2s.
The credit is based on a maximum of $8,000 spent on childcare and is reduced for every dollar of childcare you paid using pre-tax income. Since your dependent care from your FSA exceeds $8,000, you cannot claim the credit.
Some more details:
Both parents have W-2 income > $20k;
we used 10k in dependent care FSA;
The child has lived with us all year.
The expenses are for 2 licensed daycares (we have EINs for both)
The amount of pre-tax dollars from your employer to pay for childcare cannot be used for the Child and Dependent Care Credit. This amount is reflected in Box 10 of your W-2s.
The credit is based on a maximum of $8,000 spent on childcare and is reduced for every dollar of childcare you paid using pre-tax income. Since your dependent care from your FSA exceeds $8,000, you cannot claim the credit.