I surrendered some funds in a dependent care FSA this tax year. Do I need to report that surrendered amount on my taxes in any manner? Should that amount be taxed?
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I surrendered some funds in a dependent care FSA this tax year. Do I need to report that surrendered amount on my taxes in any manner? Should that amount be taxed?
I surrendered some funds in a dependent care FSA this tax year. Do I need to report that surrendered amount on my taxes in any manner? Should that amount be taxed?
You do not need to report it on your tax return. Your contribution to the FSA was made with pre-tax funds, and the penalty for not using it is forfeiture, but there is no additional taxation or deduction for it.