kkunkle
New Member

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!