My company made me aware that the Recovery Plan Act allows you to go from $5,000 for Dependent Care Credit up to $10,500.
We updated my paycheck accordingly. If you have kids in daycare (or another qualifying situation) make sure you withhold more starting now. Easy way to reduce you taxable income by another $5,500.
https://probenefits.com/arpa-temporary-dcap-increase-2021/
We updated my paycheck accordingly. If you have kids in daycare (or another qualifying situation) make sure you withhold more starting now. Easy way to reduce you taxable income by another $5,500.
https://probenefits.com/arpa-temporary-dcap-increase-2021/