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I have an FSA, pre tax deduct, how did this effect my return?

 
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2 Replies

I have an FSA, pre tax deduct, how did this effect my return?

pre-tax benefits, the amount was subtracted from your taxable wages in box 2. There is no further tax benefit or anything else to report. 

I have an FSA, pre tax deduct, how did this effect my return?

A dependent care FSA is reported in box 10 of your W-2 and Turbotax will find it automatically, and you will have to answer questions about your dependent's care.

 

A medical FSA is not reported anywhere on your tax return or your W-2.  The amount you set aside should have been subtracted from your box 1 taxable wages before the W-2 was issued.  If you have questions, ask your employer.  The FSA is not listed or reported anywhere on your tax return and you should not include any medical expenses that you paid with the FSA in the deduction section. 

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