- Pregnancy
- Baby & Toddler
- Parents
- Getting Pregnant
- Baby Names
- Product Reviews
-
Registry
- Community
-
More
Want a personalized experience?
Download the free app
Working Moms
Tax free spending vs. tax credit on child care
I am currently trying to decided if I should use tax free spending to help with daycare costs or take the child care tax credit. Does anyone know of a good way to figure out which is the best way to go or a good website to check out?
This discussion has been closed.
Re: Tax free spending vs. tax credit on child care
The tax credit is more beneficial if you are very low income (like around 30k/40k household). The dependent care spending account is definitely the way to go for most people. It's more work, but well worth it imo.
https://www.benicomp.com/fsa/dependent_care_vs_tax_credit.html