Skip to main content
Level 2
September 6, 2019
Question

Dependent care Expenses

  • September 6, 2019
  • 1 reply
  • 0 views

I am only able to contribute $2900 in my dependent care HSA (the employer limits that after a certain income level).

 

Can I deduct the remaining $2100 allowable directly in my taxes? 

If so, how?

If no, how else can I use that?

    1 reply

    aa2014Author
    Level 2
    September 9, 2019

    Someone please let me know. Thanks!

    Level 15
    September 11, 2019

    First, the lack of responses may have been due to a typo on your part - it's a dependent care FSA, not HSA.

     

    Second, you enter the portion that the employer withheld for your FSA when you enter your W-2 (it's in box 10 on the W-2).

     

    Then, any amounts you spent directly are entered in the Child and Dependent Care section. You get to this by going to Federal->Deductions & Credits->You and Your Family->Child and Dependent Care Credit  and clicking Start to begin the interview.

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"