What is IRS Form 8879?

IRS Form 8879 is used by individuals who participate in a Dependent Care Flexible Spending Account (FSA) to claim a tax credit for qualifying childcare expenses.

Who Needs to File Form 8879?

You must have incurred eligible childcare expenses for a qualifying child under the age of 13 or a disabled dependent.
You must have participated in a Dependent Care FSA during the tax year.
Your employer must offer the Dependent Care FSA as part of its employee benefits package.

Qualifying Childcare Expenses

Daycare expenses
Preschool expenses
Nanny or babysitter expenses
Before- and after-school care expenses
Summer camp expenses

How to Complete Form 8879

Enter your personal information.
Enter the total amount of childcare expenses you incurred during the tax year.
Enter the amount of childcare expenses that were paid with your Dependent Care FSA.
Enter the amount of childcare expenses that you are claiming as a tax credit.
Sign and date the form.

Filing Form 8879

Form 8879 must be filed with your federal income tax return by the April 15th tax deadline.

Conclusion

IRS Form 8879 is a valuable tax credit for individuals who incur childcare expenses. By filing Form 8879, you can reduce your tax liability and save money on your childcare costs.

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