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Retirement tax questions
A flexible spending account is made with "pre-tax" dollars, money you put in prior to being taxed (like a 401-K Deferral). Generally health FSAs are not required to be reported separately on an employee's W-2.
It would be reflected in the manner of reduced wages in Box 1 of your W-2.
A flexible spending arrangement (FSA) allows employees to get reimbursed for medical or dependent care benefits from an account they set up with pre-tax dollars. The salary-reduction contributions are not included in your taxable wages reported on Form W-2.
You aren't taxed on the amounts you or your employer contributes to the FSA.
Click here for additional information on Flexible Spending Accounts.
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March 20, 2023
4:50 PM