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DEPENDENT CARE FSA vs DEPENDENT CARE TAX CREDIT
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Qualifying Person(s)
Eligible Expenses
Maximum Eligible Expenses
https://www.irs.gov/forms-pubs/about-publication-503
Contribute to Dependent Care FSA (DCFSA)
Dependent Care FSA Contribution
$10,500 Max
$5,000.00
FICA Saved
7.65%
Federal Income Tax
State Income Tax
DCFSA Tax Savings
Maximum Eligible Expenses
Adjusted Gross Income
This is your AGI with DCFSA contributions subtracted from your income
Total Tax Savings
Contribute $0 to DCFSA, pursue full DCTC
Maximum Eligible Expenses
Adjusted Gross Income
This is your AGI without DCFSA contributions subtracted from your income. Likely this is AGI from above + DCFSA contributions.
Total Tax Savings
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