g*****g
发帖数: 34805 | 1 不确定小孩明年会不会送day care，如果我不往dependent FSA
里放钱。明年如果送day care，可以在报税的时候抵税吗？如果
可以，数目是多少？
明天就是FSA最后一天了。 | K****D
发帖数: 30533 | 2 No.
【在 g*****g 的大作中提到】
: 不确定小孩明年会不会送day care，如果我不往dependent FSA
: 里放钱。明年如果送day care，可以在报税的时候抵税吗？如果
: 可以，数目是多少？
: 明天就是FSA最后一天了。
| s***w
发帖数: 521 | 3 Kerry is wrong :)
depends on your AGI, you may. you can google for the agi limits (child care
credit)
if us say ur agi is not too high, then you can take 20% of up to 3000
expenses as credit. so it is about $600. (if ur income is lower, then can be
up 35%. but I think you need to worry that ur income is too high :)
【在 g*****g 的大作中提到】
: 不确定小孩明年会不会送day care，如果我不往dependent FSA
: 里放钱。明年如果送day care，可以在报税的时候抵税吗？如果
: 可以，数目是多少？
: 明天就是FSA最后一天了。
| K****D
发帖数: 30533 | 4 Really??
Kui big leh... 55555555.
care
be
【在 s***w 的大作中提到】
: Kerry is wrong :)
: depends on your AGI, you may. you can google for the agi limits (child care
: credit)
: if us say ur agi is not too high, then you can take 20% of up to 3000
: expenses as credit. so it is about $600. (if ur income is lower, then can be
: up 35%. but I think you need to worry that ur income is too high :)
| K****D
发帖数: 30533 | 5 So if I use FSA, I can't enjoy this credit any more?
care
be
【在 s***w 的大作中提到】
: Kerry is wrong :)
: depends on your AGI, you may. you can google for the agi limits (child care
: credit)
: if us say ur agi is not too high, then you can take 20% of up to 3000
: expenses as credit. so it is about $600. (if ur income is lower, then can be
: up 35%. but I think you need to worry that ur income is too high :)
| a**e
发帖数: 5794 | 6 Child care最多可以有5000块是免income tax的，可以用FSA，也可以
报税时deduct，效果是一样的。
但是FSA可以免掉6.2%的social security tax。
【在 g*****g 的大作中提到】
: 不确定小孩明年会不会送day care，如果我不往dependent FSA
: 里放钱。明年如果送day care，可以在报税的时候抵税吗？如果
: 可以，数目是多少？
: 明天就是FSA最后一天了。
| s***w
发帖数: 521 | 7 you can combine
for example, fsa 1k, then 2k for credit, if you total cost is 3k.
or two kids, 5k for one, and another 3k for another one.
and so on.
as usual, tax code is complicated :). i am not a cfa :).
the effect is quite different (50%, maybe) for most LaoZhong. fsa: 25% + 7.
25(?), more money (5k vs 3k), no AGI limit, etc. I guess credit is much
better for low income family (lower tax rate is bad for fsa, and credit rate
(20%->35%) for lower AGI.
one issue: both parents need to have incom
【在 K****D 的大作中提到】
: So if I use FSA, I can't enjoy this credit any more?
:
: care
: be
| g*****g
发帖数: 34805 | 8 The otherwise allowable child tax credit is phased out for taxpayers with
modified adjusted gross income (defined below) above certain thresholds. The
amount of the credit is reduced (but not below zero) by $50 for each $1,000
(or fraction thereof) by which the taxpayer's modified adjusted gross
income exceeds the threshold amount. The threshold amount is:
$110,000 in the case of a joint return
$75,000 in the case of an unmarried individual
$55,000 in the case of a married individual filing a se
【在 s***w 的大作中提到】
: Kerry is wrong :)
: depends on your AGI, you may. you can google for the agi limits (child care
: credit)
: if us say ur agi is not too high, then you can take 20% of up to 3000
: expenses as credit. so it is about $600. (if ur income is lower, then can be
: up 35%. but I think you need to worry that ur income is too high :)
| h****h
发帖数: 1168 | 9 if that's the case, fsa has far more advantages.
120k for 2 laozhong working is just low threshold.
The
000
【在 g*****g 的大作中提到】
: The otherwise allowable child tax credit is phased out for taxpayers with
: modified adjusted gross income (defined below) above certain thresholds. The
: amount of the credit is reduced (but not below zero) by $50 for each $1,000
: (or fraction thereof) by which the taxpayer's modified adjusted gross
: income exceeds the threshold amount. The threshold amount is:
: $110,000 in the case of a joint return
: $75,000 in the case of an unmarried individual
: $55,000 in the case of a married individual filing a se
| s***w
发帖数: 521 | 10 faint! you must be kidding!
are you folks supposed to go through 1040, at lease once, each year?
child tax credit and child care credit are totally different!
there are two lines on 1040, one for each (4x, and next line 4x+1).
The
000
【在 g*****g 的大作中提到】
: The otherwise allowable child tax credit is phased out for taxpayers with
: modified adjusted gross income (defined below) above certain thresholds. The
: amount of the credit is reduced (but not below zero) by $50 for each $1,000
: (or fraction thereof) by which the taxpayer's modified adjusted gross
: income exceeds the threshold amount. The threshold amount is:
: $110,000 in the case of a joint return
: $75,000 in the case of an unmarried individual
: $55,000 in the case of a married individual filing a se
| | | K****D
发帖数: 30533 | 11 Yes, but for new parents, it's a new thing to learn, hehe.
【在 s***w 的大作中提到】
: faint! you must be kidding!
: are you folks supposed to go through 1040, at lease once, each year?
: child tax credit and child care credit are totally different!
: there are two lines on 1040, one for each (4x, and next line 4x+1).
:
: The
: 000
| s***w
发帖数: 521 | 12 i know. just spent time for these headache stuff for the next year
enrollment.
no one answers my side question?
A side question, let us assume for public schools, at what age and what
stage (kindergarden, preschool, or what), will have free education? just for
some money planning.
【在 K****D 的大作中提到】
: Yes, but for new parents, it's a new thing to learn, hehe.
| a**e
发帖数: 5794 | 13 K-12都可以免费。Daycare和Preschool不免。
for
【在 s***w 的大作中提到】
: i know. just spent time for these headache stuff for the next year
: enrollment.
: no one answers my side question?
: A side question, let us assume for public schools, at what age and what
: stage (kindergarden, preschool, or what), will have free education? just for
: some money planning.
| a**e
发帖数: 5794 | 14 FSA的income tax是免不掉的，参见box 10 on W-2：Dependent Care
Benefits。
rate
and/
【在 s***w 的大作中提到】
: you can combine
: for example, fsa 1k, then 2k for credit, if you total cost is 3k.
: or two kids, 5k for one, and another 3k for another one.
: and so on.
: as usual, tax code is complicated :). i am not a cfa :).
: the effect is quite different (50%, maybe) for most LaoZhong. fsa: 25% + 7.
: 25(?), more money (5k vs 3k), no AGI limit, etc. I guess credit is much
: better for low income family (lower tax rate is bad for fsa, and credit rate
: (20%->35%) for lower AGI.
: one issue: both parents need to have incom
| s***w
发帖数: 521 | 15 I am not suer i understand you.
it shows, so that you can to process/fill in your tax form to satisfy
requirements. no income tax for FSA if requirements are met, based on my
understanding.
【在 a**e 的大作中提到】
: FSA的income tax是免不掉的，参见box 10 on W-2：Dependent Care
: Benefits。
:
: rate
: and/
| g*****g
发帖数: 34805 | 16 Sorry for rookie mistake, I found the official document here
http://taxes.about.com/gi/o.htm?zi=1/XJ&zTi=1&sdn=taxes&cdn=money&tm=46&f=00&tt=13&bt=1&bts=1&zu=http%3A//www.irs.gov/publications/p503/index.html
It seems it would be 20% of child care expense for up to $3000(single
child). So it's about $600 while FSA will save about twice that if
$5000 is expended.
【在 s***w 的大作中提到】
: faint! you must be kidding!
: are you folks supposed to go through 1040, at lease once, each year?
: child tax credit and child care credit are totally different!
: there are two lines on 1040, one for each (4x, and next line 4x+1).
:
: The
: 000
| K****D
发帖数: 30533 | 17 If I spend $8000, can I use both?
If I spend $5000 (all put in FSA), can I still use both?
【在 g*****g 的大作中提到】
: Sorry for rookie mistake, I found the official document here
: http://taxes.about.com/gi/o.htm?zi=1/XJ&zTi=1&sdn=taxes&cdn=money&tm=46&f=00&tt=13&bt=1&bts=1&zu=http%3A//www.irs.gov/publications/p503/index.html
: It seems it would be 20% of child care expense for up to $3000(single
: child). So it's about $600 while FSA will save about twice that if
: $5000 is expended.
| s***w
发帖数: 521 | 18 you don't read my writing :P
you can combine
for example, fsa 1k, then 2k for credit, if you total cost is 3k.
or two kids, 5k for one, and another 3k for another one.
and so on.
as usual, tax code is complicated :). i am not a cfa :).
【在 K****D 的大作中提到】
: If I spend $8000, can I use both?
: If I spend $5000 (all put in FSA), can I still use both?
|
|
