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Why is my FSA (box 10 of my w-2) showing as taxable wages? It should not be taxed.
Hi Turbotax experts,
I am using the 2023 Turbotax. After completing the Federal Tab's "Income Section" I was alarmed as I looked at the summary page. After clicking Done with income, my "Here's a picture of your 2023 Income" page that shows Total Income seems to be MESSED UP. It is exactly $2600 higher than my W2 wage, in which $2600 is my child's FSA within the W2 form. Only if I input $2600 left, my summary could match my W2, but I am supposed to input 0 instead of $2600, right? I did not have this issue when I used Turbotax 2022 a year ago.
I am looking forward to your response and expertise, thanks a lot.
(I found a similar post, but not the same as :https://ttlc.intuit.com/community/taxes/discussion/questions-for-wages-and-salaries-line-item/00/139...)