Solution-Reimbursement of child care expenses

Reimbursement of child care expenses

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Reference no: EM131725862

Jerry and Elaine have a child who is two years old. The couple incurs $11,800 in child care expenses while they work. Jerry earned $55,000 and Elaine earned $16,750 during the year. Jerry's employer has a dependent cadre FSA. Under the plan, Jerry had $3,500 set aside tax-free, for reimbursement of child care expenses, which shows in his W-2 box 10. Will Jerry and Elaine receive the dependent care credit on their tax return?

Reference no: EM131725862

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Reimbursement of child care expenses

Reference no: EM131725862

Reference no: EM131725862

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