With an FSA, your employer withholds up to $5,000 per year at your request from your paycheck pre-tax, and you supply receipts to the plan administrator to be reimbursed for your preschool expenses that would qualify for the child and dependent care credit.o claim the child and dependent care credit, you must have earned income for the year you're filing for. If you're married, your spouse must also have earned income. The credit enables you and your spouse to both work, earn income and pay additional taxes.