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Retirement tax questions
No, you just lose it. It's not income because it was not included in your wages (you agreed to a voluntary salary reduction, with the money being contributed to the FSA on your behalf). And there's no deduction because you can't deduct something from your income that was never included in your income in the first place.
FSAs are use-it-or-lose-it by design. That's how they work.
‎April 15, 2025
7:55 AM