My client received 2 separate W-2's with dependent care benefits in Box 10 in both. One W-2 shows $2500 in Box 10 and the other W-2 shows $3000 for a total of $5500. What do I do with the extra $500? I use Lacerte software.
How many kids, under age 13, do they have?
It's taxable income.
I think Lacerte will automatically put it on the wages line with a DCB notation. Or maybe it goes on one of those other Schedule 1 lines now like Deferred Comp.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.