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Reply to "Tax question - Childcare FSA or deduct expenses?"
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[quote=Anonymous]Well, you'll still get something back even without the FSA--just not as much. But it's (say) $3000 that you don't pay income tax on (so maybe $660 in savings if you're at the 22% bracket, plus FICA?) vs. a credit of $600 in that situation if you spend the same $3K but don't do the FSA. So it's not the end of the world if you opt not to do the FSA--but if you know you'll want to do some camps, I'd look at those costs and set aside at least that much. Also, do your kids do any aftercare or school year camps? Those count too.[/quote]
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