DCAA 2020 Tax Savings Calculator

Use this form to calculate your potential tax savings by enrolling in a DCAA in 2020, as compared to the Federal dependent care tax credit. You will need your 2019 Federal and State Tax returns to use this form.

Note: All items are required to perform this tax savings comparison

  • footnote1 If you participated in the HCSA program during the tax year from which this data is taken, be sure to increase this amount by any excluded amount.


Federal - Internal Revenue Service (

New York State - New York State Department of Taxation & Finance( )

Accuracy Statement

The information contained herein does not constitute tax advice. The estimates provided are based on income and expense data provided by the applicant and Tax Laws in effect as of July 1, 2019. For more accurate information on your specific situation, please consult your tax advisor.

A Note About Refundable Tax Benefits

The New York State Child and Dependent Care Credit is refundable. This means that taxpayers receive any credit amount in excess of New York State tax liability in the form of a cash rebate. However, the Federal Child and Dependent Care Credit is not refundable. As a result, taxpayers cannot benefit from any credit amount in excess of their Federal tax liability. Contributions to the NYS Dependent Care Advantage Account (DCAA) benefit taxpayers to the extent that they have taxable income to offset. In practical terms, most low and moderate income taxpayers receive a greater tax benefit by claiming the Federal and New York State child and dependent care tax credits.