Pittsburgh Nesties
amyjoy18
member
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Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
FSA/Childcare Tax Credit
Open enrollment time! So I'm trying to decide if the FSA is worth it for us.
I think I just read that with 2 kids, and maxing out the FSA, you can still claim the childcare tax credit.
Has anyone done that? Or am I interpreting this wrong?
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Re: FSA/Childcare Tax Credit
Looks like with 2 kids you can claim another $1000 through the tax credit per this article.
http://www.kiplinger.com/columns/ask/archive/claiming-the-child-care-tax-credit.html
My three sons!
Jake - 1.15.08
Liam - 5.17.11
I believe this is only if Congress allows the Bush era tax breaks to expire, and would affect the 2013 taxes not our 2012 filings.
Yup - they expire Dec. 31. (And I know this b/c this kid is coming BEFORE Dec. 31 for more than one reason!) I'm just not planning on the breaks being extended!
My three sons!
So what will happen to the additional FSA money I've elected to take out pre-tax? We need to determine that during open enrollment.
My understanding is, yes, someone can use the C&DC credit and the dependent care FSA, but you cannot claim your FSA contribution towards the credit.
The dependent care FSA limits will remain at up to $5,000 for 2013. Only health care limits are changing. FSA's are use it or lose it, but I imagine most of us know ahead of time what our annual costs will be for dependent care. Also, one thing to note about dependent care FSA's is that unlike health care FSA's, they are not fully funded as of the 1st of the year, they are only funded as you pay into them.