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W2 Box 10 - Dependent Care Benefits
Hi. In 2023, I contributed $525 to a dependent care flexible spending account via pre-tax paycheck deductions at my employer. Box 10 on my 2023 W2 has $525. But the answers to the Turbo Tax interviews and my entries result in the $525 showing-up on 1040 Line 1e "Taxable dependent care benefits from Form 2441, line 26". Since the $525 is included in 1040 Line 9 total income, it is taxable and therefore off-sets the pre-tax benefit of my contributions. What am I doing wrong? I can't figure out how to get a calculation of $0 on Form 2441, line 26.
‎September 16, 2024
9:11 AM