It's not entirely clear to me exactly which credit you're talking about. Bear in mind the child tax credit has a phase out on it. If you have one dependent, the maximum you can put in a dependent care FSA is 5,000. So if you spent $8,000 on child care, well, you could pay for 5,000 with the FSA and take $3,000 for the federal tax credit.
Today we answer your questions about what we are calling family finances. We tackle 529s, dependent care FSAs, what to do when you can't live like a resident, how to get your spouse involved in the finances, and roth accounts for kids. We also hear from Andrew of https://StudentLoanAdvice.com with an update on what on earth is going on with the student loan situation.
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