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The Federal FSA Program FSAFEDS Dependent Care FSA Information Consent Form

The Federal FSA Program FSAFEDS Dependent Care FSA Information Consent Form

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hey guys it's anthony fontana here i'm a cpa and today we're going over how the 2022 dependent care fsa affects the child independent care tax credit and which route is more beneficial stay tuned all right let's get right into it the way that the dependent care fsa affects the child and dependent care tax credit is that it reduces the amount that is eligible for the child and dependent care tax credit now we're talking about the child dependent care tax credit not the child tax credit these two are different the child dependent care credit is for essentially it's like daycare preschool after school summer school type things okay for your kids whereas the child tax credit is strictly just for having your kid on your tax return claiming them as a dependent okay and to our second point here about our video is which one's more beneficial generally speaking for 2022 the dependent care fsa is more beneficial than strictly just taking th

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