Re: FSA? Do I compute that in on my return anywher...
Level 15

Deductions & credits

For a dependent care FSA, yes.  The amount is reported in box 10 of your W-2. This should trigger, or you must go to, the Dependent Care Credit section of the Deductions page, and answer questions about your qualifying children or child, the care provider, and the amount paid.


For a medical FSA, yes kinda-sorta.  A medical FSA does not go on your tax return, you do not report the amount you spent, or the amount left over.  However, you can't take a deduction for expenses paid for with an FSA.  In the interview for medical expenses, Turbotax will ask for your total medical expenses, then will ask for any expenses paid from tax-free accounts like an HSA, FSA, or other tax-free reimbursement.  And then Turbotax will do the subtraction and calculate if you have any deductible expenses leftover to claim. If you know you don't have enough medical expenses to qualify for a medical deduction and skip that section, you won't be asked about a medical FSA anywhere else.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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