Im wondering what do I do with the $4800 of reported benifits I contributed to my FSA and reported on my w2. I used the money to pay my kids before and after care expenses and I paid my Dad to help watch my kids (his grandkids) at his home so we could work. Looks like im filing out form 2441 and putting in the school info and my dads info.
Does TT help me avoid double dipping in showing where this money went and wont let me write off child care expenses outside of my FSA? I didnt have expenses beyond the FSA $4800 I elected.
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Yes, TurboTax will prevent you from double dipping. On the summary screen at the end of the Form 2441 interview you will see that it has subtracted the FSA amount from your total child care expenses, leaving you with zero expenses eligible for the credit, and zero credit. Form 2441 lines 10 and 11 will be zero or blank. Schedule 3 lines 2 and 13g will be zero or blank, or Schedule 3 will not be included in your return if you have no other credits. But you still have to file Form 2441.
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