AGI of $55k, total dependant care expenses of $2k.Putting all $2k in a pretax account will reduce my AGI and save me at my marginal 15% Fed rate and 7.05% MN rate = $441.Claiming all $2k as qualified expenses instead will get me 20% back as Dep Care Credit = $400.What am I forgetting?MN may also give a credit, BUT if you use the pre-tax you also avoid SS & Medicare on the amount. No-brainer for the pre-tax account.PhilRule Your Retirement Home Fool
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