TaxGuyBill
Level 15
12-03-2024
12:36 PM
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@Tributos wrote:
I saw other instructions that took avail credits $6000 for both kids less $4200 in FSA benefits = $1716 and multiplied by the rate .2 (for their AGI) for a credit of $343.
That would have been true if they spent $6000 or more.
The 'available credits' is the LOWER of (a) $6000 or (b) the amount they actually paid (see line 3 of Form 2441; but then earned income could also lower that on line 6).
