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I did not work in 2023, I just lived off my retirement and disability. I have 2 children ages 5 and 1 years old. I read somewhere that you need to work, so have a W2, and make at least $2,500 a year in order to be eligible for the $2000 child tax credit. Is this correct? I started my 2023 tax filing on this site just to…
What are the best ways to handle childcare credit and a DC FSA? For background, I have two children. My wife and I both work. For 2023, one is in daycare and the other is not. My wife and I contribute $5,000 to a DC FSA. Should we be contributing this amount to the FSA vs. going for the childcare credit? Next year, both…
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