I contributed $700 towards Dependent Care FSA in 2021. I spent it all. However, I did not reimburse it until January 2022. So, my questions are:
- What should I enter in "If you had any money left in your account at the end of the year, enter the amount here. If you used it all, just enter 0"? Do I enter $700 or $0? Based on the "Learn more" link, it is $0 since I will be (and got) reimbursed at a future date.
- When I enter $0, my tax due goes up. When I enter $700, my tax due reduces? This is what is confusing to me. Shouldn't it be the other way?
How should I proceed from here?
