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Reply to "Discrimination test for dependent care FSA?"
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[quote=Anonymous][quote=Anonymous]The added insult to all of this is that both the Child Tax Credit and the Dependent Care Credit are phased out completely after a certain MAGI (the actual number is escaping me right now). So, you don't get to use the pre-tax FSA and you don't get the tax credits.[/quote] I just did my taxes last weekend. Didn't qualify for the Child Tax Credit, the Dependent Care Credit, the Student Loan Interest Deduction, or the Mortgage Insurance Interest Deduction. A lot of the tax credits and deductions totally screw over people who live in high cost of living areas. It makes me so angry.[/quote]
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