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jlkovarik
New Member

Why is Turbotax not posting the exact amount that I entered for Part II of form 2411? I had 14k in child care costs but it reduces it to 9.5 *before the form reduction

I enter 10074.5 for child 1, 4454.92 for child 2, however TurboTax is caluclating that to 6608 and 2922 for each child and entering it in Part II, which is what shows up in line 30 on the form.    That seems entirely incorrect.
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1 Reply
ThomasM125
Expert Alumni

Why is Turbotax not posting the exact amount that I entered for Part II of form 2411? I had 14k in child care costs but it reduces it to 9.5 *before the form reduction

The dependent care expense deduction can be limited if you have a dependent care plan at work. Any benefits reimbursed or paid by your employer and not included in your taxable income would not be allowed. 

 

You deduction can also be limited by you or your spouse's earned income. You can only deduct expenses up to the earned income of the spouse who earns the lesser amount.

 

 

 

 

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