o***b
发帖数: 76 | 1 Hi,
I have a question about the dependent care account. We will send our 2-year
old to day care in June 2009, and the total expenses will exceed the limit (
5000). But the guide for benefits enrollment from my employer is saying that
this may conflict with the federal income tax credit provided for dependent
care expenses. Can someone with similar experience share? Our household
income is around 180k.
thanks. | z****7
发帖数: 880 | 2 http://www.hr.arizona.edu/04_cb/benefits/uum/fsa/fsa_faq.php#q8
8. Is it more beneficial for me to participate in the Flexible Spending
Account Dependent Care Reimbursement plan or to take the Child Care Credit
on my Federal Income Tax return?
You may receive a tax break on your expenses, but you must choose whether to
use the Child Care Credit or the FSA. The IRS will not allow you to receive
two tax breaks on the same expenses.
You may claim a Child Care Credit on your tax return equal to your |
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