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March 4, 2022
Question

I spent $3427 on qualified dependent care expenses but TurboTax keeps calculating that I only spent $270. How can I edit this error?

  • March 4, 2022
  • 2 replies
  • 0 views
I also carried over $1573 in qualified care expenses to 2022 (from $5000 we put in a FSA account), but the form keeps saying $1843.

2 replies

March 4, 2022

Your $1843 Dependent Care Expense carryover is the $1573 left when subtracting your Expenses of $3427from your FSA balance of $5000.

 

Plus the $270 credit calculated for you that you were not allowed to take this year, would equal $1843 for the carryover amount in 2022. 

 

Click this link for more info  on the Child and Dependent Care Credit.

 

 

March 4, 2022

The $270 is showing up on line 2c of form 2441. 

Zero idea where this number is coming from.

March 4, 2022

Did you indicate in the interview that you 'paid expenses in 2021 that were incurred in 2020'?

March 6, 2022

No - all expenses occurred in 2021.

Put $5000 in dependent care FSA, used $3427 to pay for dependent care.  It's giving me a $135 credit via Turbotax, but when I fill out the form manually I'm getting a much higher credit