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Reply to "Confused VA (state) dependant care question TAX"
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[quote=Anonymous]If you use a dependent care account, that doesn't have anything to do with your income -- that's a work-provided benefit and it is EXCLUDED from income. So long as you provide the receipts, you will get reimbursed with money you set aside untaxed. You may be thinking of the dependent care CREDIT,which, indeed, it sounds like you don't qualify for (at least in its entirety). But I don't think you can double-dip with the DCSA and the credit in any case. So, basically, since you don't qualify for the credit at the federal level, you also don't qualify for it at the state level. However, if you had a dependent care account, that money has already avoided any taxation by the fed or the state (you entered it already when you transmitted your W-2 information). But you don't get some additional benefit now that you are filing your returns. Hope this makes sense.[/quote]
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