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Deductions & credits
I've seen conflicting information on here about the FSA limit of $5,000. It was my understanding that I could contribute up to $5000 regardless of how many children I have. However, I've read (in the TurboTax forums) that you must pay taxes on anything over $3000 that you put in your FSA if you only have one child. Can you direct me towards IRS documentation stating otherwise? Thanks!
May 31, 2019
7:19 PM