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March 14, 2022
Question

Why are my qualified childcare expenses being reduced upon entry into the form? $600 is changed to $274 and $8600 shows up as $3926. What’s going on here?

  • March 14, 2022
  • 1 reply
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1 reply

JohnB5677
March 14, 2022

The total that you did not get credit for is exactly $5,000.  Did you get an advanced child tax credit payment in that amount?

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Jfitz212Author
March 15, 2022

Thanks, that was it. $5000 in dependent care FSA, TurboTax just didn't show it very well at all and had me confused.