
Anonymous
Not applicable
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
I am in the same situation, missing filing the Dependent care FSA claim by March 31st 2020. I was planning to enter $5000 as forfeited amount so that it gets added Line 14 of Form 2441 and I can avail the max Child and Dependent Care credit possible.
But the IRS instruction for 2441 seems to indicate forfeiture means only the unused funds in the Dependent care FSA.
From https://www.irs.gov/instructions/i2441,
under Line 14.
"Any amount you forfeited. You forfeited an amount if you didn't receive it because you didn't incur the expense. Don't include amounts you expect to receive at a future date."
Do you think its safe to add the amount I didn't claim as forfeited ?
‎July 13, 2020
5:53 PM