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Dependent Care Benefits
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Chrisraif1
Level 2
09-21-2023
03:59 PM
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Have a client that has 4600 dollars in Dependent Care Benefits w/h pretax from his check in Box 10.
Client has 8600 in expenses for Child care.
AGI is 112K, and the wife has no earned income.
ProSeries is charging back the 4600 in Dependent Care Benefits as income. Why?
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3 Comments 3
Terry53029
Level 14
09-21-2023
04:16 PM
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If MFJ both must have earned income. This is from IRS: "You may be able to claim the child and dependent care credit if you paid expenses for the care of a qualifying individual to enable you (and your spouse, if filing a joint return) to work or actively look for work". See link.
PATAX
Level 15
09-21-2023
05:32 PM
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Terry is right. Look in reference material like quickfinder or taxbook or U.S. Master tax guide and you will find the relevant information. You can make a copy of that and then put it in their file.
George4Tacks
Level 15
09-21-2023
07:44 PM
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Is the wife a full time student or disabled?
When all else fails - read the instructions
Answers are easy. Questions are hard!
