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#1
01-18-2006, 04:27 AM
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 Re: Dependent Care Expense Question "Umesh Patel" <umpatel[at]gmail.com> wrote: - quote - > We have Flexible spending account for dependent and we maxed
No. You use the max allowable less the $5,000.> out to $5000, but our expense is $9000, does rest of money > i.e. $4000, use for dependent care credit? -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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01-16-2006, 03:34 AM
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| Re: Dependent Care Expense Question Umesh Patel <umpatel[at]gmail.com> wrote: - quote - > We have Flexible spending account for dependent and we maxed
No.> out to $5000, but our expense is $9000, does rest of money > i.e. $4000, use for dependent care credit? You get to use up all 5000 and no more if you have one dependent and claim no additional credit. If you had two dependents, you can claim a total of 6000, 5000 + 1000 of the additional payments. You must file Form 2441 and enter the 5000 on the top line of Page 2 of that form. __ Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
01-15-2006, 07:04 PM
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| Dependent Care Expense Question We have Flexible spending account for dependent and we maxed out to $5000, but our expense is $9000, does rest of money i.e. $4000, use for dependent care credit? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| care, dependent, expense, question |
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