Читать книгу J.K. Lasser's 1001 Deductions and Tax Breaks 2022 - Barbara Weltman - Страница 63

You have 1 child and receive reimbursement from your employer's plan for 2021 of $3,000. In figuring your tax credit (assuming you are eligible for the maximum credit), you can use only $1,000 of eligible expenses ($4,000 – $3,000). In essence, if your exclusion in 2021 is $4,000 for 1 child or $8,000 if you have 2 or more children, you cannot claim any tax credit.

If you participate in a dependent care FSA, distributions from the plan are treated as employer reimbursements. Like excludable benefits, distributions from FSAs reduce the amount of expenses you can use to figure the credit.

Check with the administrator of the dependent care FSA you participate in to learn about possible carryovers or using up contributions after the year is over.

If you pay someone to care for your dependent in your home, you are the worker's employer. You are responsible for employment taxes. For more information about these employment taxes, see IRS Publication 926, Household Employer's Tax Guide, at www.irs.gov.