Saravia Posted March 6, 2022 Report Share Posted March 6, 2022 Taxpayers filling jointly both worked, and child 7 yr old. Employer paid a third party to take care of dependent child, W2 Box 10 Dependent Care benefits show $3,600, which is what the employer paid for the dependent care expense. I am listing that in form 2441, Line 1 - (e) Amount paid $3,600, and (f) Check if employer furnished care (X)-Check Line 2, I am putting the "Qualify expenses you incurred and paid in 2021 for the person listed" $3600, and "dependent care benefits received" $3,600 This qualifies taxpayer for a "Credit for Child and dependent care expenses" of $1,800. Just want to make sure I am doing it correctly since none of this expensed were paid by the taxpayer. Thanks, Quote Link to comment Share on other sites More sharing options...
Pacun Posted March 6, 2022 Report Share Posted March 6, 2022 If reported only on line 1 of W2, take the credit. If reported on line 10, report it and the credit will be zero if that's the only child care expense incurred. I think I am right. 1 Quote Link to comment Share on other sites More sharing options...
TexTaxToo Posted March 6, 2022 Report Share Posted March 6, 2022 You must use Part III of Form 2441. The W-2 box 10 amount should flow to line 12 and will reduce the credit to zero. 3 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.