Child and Dependent Care Tax Credit vs Dependent Care FSA - 2022
Channel: EA Tax Resolutions
Date: 2022-05-19

Today we discuss how the Dependent care FSA affects the child and dependent care tax credit for 2022. How it works on the IRS Form 2441, and how they save you on taxes. 
--------------------------- 
EA Tax Resolutions Website: https://eataxresolutions.com/?utm_source=Youtube&utm_medium=Video&utm_campaign=Child+and+Dependent+Care+Tax+Credit+vs+Dependent+Care+FSA+-+2022
--------------------------- 
🤵If you are looking for professional tax help with your tax use the link below to schedule an appointment for us to go over your specific case: https://calendly.com/info-34527
--------------------------

🔴 Dependent Care FSA: https://www.youtube.com/watch?v=2PnvgRfQrks&t=89s
🔴 HSA vs FSA: https://www.youtube.com/watch?v=X0zUj7w0Phg&t=14s
🔴2021 Child Tax Credit Payments - IRS Notice: https://www.youtube.com/watch?v=Nv-WprbXEEU&t=4s

------------

00:00 Intro
00:21 How Dependent Care FSA affects Child and Dependent Care Tax Credit
01:03 What is more beneficial Dependent Care FSA or Child and Dependent Care Tax Credit
01:20 2022 contribution limit Dependent Care FSA
01:42 2022 Max Child and Dependent Care Tax Credit work-related expense
02:00 2022 Example #1 Dependent Care FSA vs Child and Dependent Care Tax Credit
02:00 2022 Example #1 Dependent Care FSA vs Child and Dependent Care Tax Credit
04:07 2022 Example #2 Dependent Care FSA vs Child and Dependent Care Tax Credit
05:16 2022 example of Form 2441 how the Dependent Care FSA affects Child and Dependent Care Tax Credit 

///
Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

#DependentCareFSA #ChildDependentCareTaxCredit #IRS