efenton28
New Member

Retirement tax questions

Same problem here as well...  I have had a FSA for dependent care for over 4 years.  I have never had this problem come up until this year.  The whole reason why I have a FSA is so that these funds are not taxed.  As soon as I put in the amount from box 10 my tax bill shoots way up.  Even after I put the information in about my dependent care expenses nothing really changes.  I get a very small tax credit, but I am still owing in a large amount which has never happened.  I feel something is wrong.  I am getting hit with an extra $700 in taxes here... what is the deal with this??