3012564
Hi there. I am confused about this. I have one child, spent $5800 in child care, and have $4500 in FSA dependent care account. My understanding is that I still can claim partial child credit for the money not covered by FSA (5800-4500=1300).
However, turbotax says I am not eligible for this credit. Could anyone clarify it or maybe I missed something.
Thanks!
You'll need to sign in or create an account to connect with an expert.
How many children received child care? Under the tax laws for 2022 (which changed from 2021) you can get $3000 per child or up to $6000 for childcare if you have more than one child in childcare. And...the childcare credit is not refundable this year. It can only reduce your tax owed.
Thanks! I have one child. Does the $4500 in FSA counted when calculating the $3000 cost per child
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Jeff-W
New Member
MBBU88
Returning Member
Tax_Padawan
Returning Member
cboise
New Member
TomDx
Level 2