Reply to Tax question - Childcare FSA or deduct expenses?

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[quote=Anonymous][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]

OP here and between our job flexibility, working from home, and the kids long school hours, we do not use before or after care and we typically take time off for the breaks during the year.  I am confident we will spend at least $2k on camps and probably pretty close to the $3500ish we spent last year, possibly more or a lot more.  The kids do different camps every week and there are only a few they definitely want to repeat this coming summer.  I am inclined to put something in the FSA and then claim the credit on any amount we spend over the FSA.  Can I do that even if I did not max out my FSA?   [/quote]

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