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Is it possible to make changes to your dependent care FSA during the year?
Yes, it is possible to make changes to your dependent care FSA during the year if you experience a qualifying life event, such as a change in employment status or a change in dependent care needs.
Can both parents have a dependent care FSA?
No, typically only one parent can have a dependent care FSA for the same dependent.
Can both parents use a dependent care FSA?
No, typically only one parent can use a dependent care FSA for the same dependent.
Can I have a dependent care FSA and an HSA at the same time?
No, you cannot have a dependent care FSA and an HSA at the same time.
Can you have both a Dependent Care FSA and an HSA?
No, you cannot have both a Dependent Care FSA and an HSA at the same time.
Can both parents claim dependent care FSA?
No, typically only one parent can claim the dependent care FSA for a child.
What are the dependent care FSA limits when changing jobs?
When changing jobs, the dependent care FSA limits remain the same as long as the new employer offers a dependent care FSA benefit. The annual contribution limit for a dependent care FSA is 5,000 for individuals or married couples filing jointly, or 2,500 for married individuals filing separately.
What is the dependent variable in Jenny's experiment?
The dependent variable is the factor being measured or observed to determine the effect of the independent variable. In Jenny's experiment, the dependent variable is the outcome or response that is influenced by the changes in the independent variable she is manipulating.
Can you deduct more than 5000 of child care off your taxes?
You figure your child/dependent care credit on up to $3,000 actual expenses for one child/dependent or up to $6,000 actual expenses for two or more children/dependents. Form 2441 is Child and Dependent Care Expenses. The amount of the credit is entered on line 48 (Credit for Child and Dependent Care Expenses) of Form 1040 or on line 29 of Form 1040A. For more information, go to www.irs.gov/taxtopics for Topic 503 (Child and Dependent Care Expenses). Also go to www.irs.gov/formspubs for Publication 503 (Child and Dependent Care Expenses).
You have a dependent but no income?
If you have no income how are you providing over 50% of the care for your dependent? The exemption should go to the person that is providing shelter, food and clothing for the dependent.
Tax exemption for child care providers?
A individual taxpayer does not get a exemption for a child care provider. Are you a child care provider? Or a individual taxpayer wanting some information about the income tax credit for child and dependent care expenses? For the credit for child and dependent care expenses go to the IRS gov web site and use the search box for Publication 503 (2009), Child and Dependent Care Expenses Click on the below Related Link
Does camp count as dependent care for tax purposes?
Yes, camp can count as dependent care for tax purposes if it is a qualifying expense and allows the parent or guardian to work or actively look for work.
