Your Life

Your Life

Major life milestones often have a major tax impact. Changes in your marital status, having a baby or adopting a child can have significant impact on your taxes. This is the place to ask questions about dependents, real estate, and other various scenarios that play a significant role in what taxes you pay.

Posts: 1
Registered: ‎03-06-2018

Dependent Care

This is our first year taking advantage of the tax free dependent care offered through my employer. Our child attended daycare the entire year of 2017, but the tax free dependent care started in July. When filling out my online taxes, child care expenses,  do I enter what i paid throughout the whole year or just the portion (Jan-July) which was not covered in the tax free care?

It does state, 'Enter amounts paid, It doesnt matter if your employer or dependent care benefit program reimbursed you."  By reading that it makes it seem like I enter the entire amount paid, considering on my w-2 it says the total amount taken out for my dependent care benefit.