My employer offers an FSA for dependent care with an $5000 max contribution limit. I happily contributed to it last year only to find out as I was filing my taxes that there is no way for me to deduct all of the $5000 in my tax return (I don't see how anyone would be able to take advantage of an employer FSA if I interpret line 20 on Form 2441 correctly). Does this mean that there is no point in participating in an employer FSA and it is always easier to just take the child care credit?
- posted
18 years ago
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