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V
Vap12
February 7, 2023
Question

I have 1 kid and employer dependent care acct of 5k. We paid $2,500 more than the 5K. Is the allowable $3k dependent care expense counted before or after the $5k plan?

  • February 7, 2023
  • 1 reply
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1 reply

M
MayaD
February 7, 2023

You can't take the credit if you have 1 child and you already have pre-tax money in your FSA account for Dependent Care. You already received tax benefit by having it withheld pre-tax. The credit limit for 2022 is $3000 per qualifying child.

 

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