@Opus 17
Hello, I wanted to follow back on this as we are in middle of tax filing.
Based on previous recommendation and safest option I made pro-rated contribution of ~3600 for 2023 DCFSA for coverage til March 15 2014. I already submitted the expense and received the payment of ~3600 from my
plan admin in 2024.
Now I am trying to find out how to correctly file this 2023 DCFSA contribution which was used in 2024.
Earlier you said
Lastly, your 2023 tax return will list the $5000 DCFSA benefit on form 2441. If you have no qualifying expenses for 2023, you will report that you carried forward the entire $5000 to 2024.
I am using TurboTax Deluxe Desktop Version.
1) Where and how will I report this contribution in 2023? It does show up on 2023 W2 and so far it is being taxed and I believe I need to do something to ensure it does not get taxed.
2) If I used the money in 2024 then for 2023 I will report it as being carried forward. How will my 2024 tax filing work? I am contributing max 5k in 2024 and will be using all of it in 2024.
3) What is the best way to check in form view that the above ~3600 contribution is not being taxed in TurboTax?
Thanks.
