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FSA vs Child Care Credit

 

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Subject Author Date
FSA vs Child Care Credit sprash 12-12-2007
Posted by sprash on December 12, 2007, 5:24 pm
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Hello,

As a first time parent, I'm unable to decide whether putting money in
FSA will work better than claiming Child Care Credit on our IT
returns. I'm from Oregon which has a pretty high state income tax rate
and I am thinking FSA would be more beneficial. Our combined income is
~$144K.

Any help in deciding will be greatly appreciated. Sorry for the newbie
question.

Thanks.


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