turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

W-2 Missing FSA Dependent Care contributions made in box 10. Do I need to amend my return? I have already filed my return, employer will be sending me corrected W-2 asap.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
JulieH1
New Member

W-2 Missing FSA Dependent Care contributions made in box 10. Do I need to amend my return? I have already filed my return, employer will be sending me corrected W-2 asap.

Probably not.  As long as the omission in box 10 did not lead you to take the dependent care credit too. If you used the pre-tax contribution made in FSA account to pay for your childcare expenses, you cannot take the Dependent Care Credit. 

As the child care funding in your Flexible Spending Account FSA is considered as a pre-tax dollar contribution, you can take the Dependent Care Credit ONLY  on the expenses paid exceeding the total amount contributed in the FSA. For example, if you are allowed to put in $5200 in your FSA as a pre-tax contribution , you are not allowed to take the credit unless you spent more than $5200 on the child care expenses.

Just to be sure, you can do a mock return using the corrected W-2 when you get it and see if it changes anything.  If it does, do the amendment, if not then you don't need to worry about it. 

FSAs are usually funded through voluntary salary reduction agreements with your employer. No employment or federal income taxes are deducted from your contribution. The employer may also contribute.

Note: Unlike HSAs or Archer MSAs which must be reported on your Form 1040, there are no reporting requirements for FSAs on your income tax return.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies