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Tax Question: 2 Children - FSA AND Child Care Credit?

November 14th, 2014 at 06:31 pm

I have a dependent flexible savings account through work. I'm allowed a total of 5,000. If I am able to cover childcare expenses for 1 child with that 5,000 dollars am I then allowed to put in for the child care credit for the other child when tax time rolls around?

I'm currently pregnant with my 2nd child so I'm trying to hash everything out before baby comes. Thanks in advance! Smile

1 Responses to “Tax Question: 2 Children - FSA AND Child Care Credit?”

  1. Jeff Schultz Says:
    1415994470

    Using the Flex Spending Account for child care will be an offset to any credit on your tax return.

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