1333681
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

DCAP FSA account for 2020 due to Covid-19 Virus questions

I put 5500 into my DCAP FSA account for 2020 to prepare my kid starting daycare.

However due to Covid-19 virus issue, daycares near us are all closed, and we are kind of worried to put kids into daycare for 2020.

In this case, we may not be able to get the whole reimbursement out, is there a way to ask company change my DCAP enrollment in the middle of year, and stop put more money into this account?

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

DCAP FSA account for 2020 due to Covid-19 Virus questions

Not at this time. The IRS may address this eventually but they have a lot to deal with right now.  If you lose your job, that is a qualifying reason to stop the account. But changing your mind about daycare is not currently an approved reason. That may change but we won’t know anything probably for a long time.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question