AmyC
Expert Alumni

Deductions & credits

The recent law has changed due to  COVID and no longer limited to that tax year. In addition, the $500 maximum is also gone. Your money is part of your current plan year and is not forfeited.

 

Many people were unable to use the funds so the law had to change.

 

Had you had any money left from the plan that ended in 2020, that would be the forfeited amount. Since your plan did not end in 2020, you have nothing to forfeit.

 

{Edit 1/18/2021 link removed| 3:31 pm PST]

 

 

 

 

 

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