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Money and Finances
Reply to "Dependent Care Spending Accounts"
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[quote=Anonymous][quote=Anonymous]You can't claim the remaining 10K on your taxes, but you will get a small childcare tax credit. I can't remember what is it, maybe $500 or $1000 or something. In any event you should contribute to a daycare flex spending account. That way you can at least pay some of your daycare expenses with pre-tax dollars.[/quote] How does she get the childcare credit if she exhaust the entire 5k in dependent care? [/quote]
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