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Reply to "Tax question - Childcare FSA or deduct expenses?"
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[quote=Anonymous]Yes, you can claim the credit for anything beyond what's in the FSA, up to the $6K limit. So if you put the max in your FSA and have more than one kid (as we do) you can claim that last $1K if you spent at least $6K on care. When we only had one kid, it was better to do the FSA because the credit limit is $3K for one child and $6K for more than one. The FSA is use it or lose it so it's worth being conservative on it if you won't spend a lot on child care.[/quote]
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