I've never had a daycare FSA, but I've been doing the research and it seems like the thing to do. The way I understand it, I can only deduct 3,000 for my one child if I itemize. If I do the FSA, I can put up the 5K pre-tax.
My daughter's preschool is 5,500 a year, so what's the best choice for me?
(We're moving her from a school that costs $90 to one that costs $150 a week. She's been on the waiting list for six months. Sometimes, you get what you pay for).