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Where do you enter s125 Medical Savings Account in order to receive the tax deduction?
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Where do you enter s125 Medical Savings Account in order to receive the tax deduction?
You do not need to enter information regarding your section 125 (cafeteria plan) for medical expenses anywhere on your tax return.
Unlike contributions made to HSA and other tax-advantaged medical accounts, there is not a reporting requirement for cafeteria plans or Flexible Spending Accounts (FSA) on your tax return. The money that is put into the section 125 or FSA is pre-tax money. Therefore, there is not an additional deduction that you can take for those amounts.
https://ttlc.intuit.com/replies/3302130
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Where do you enter s125 Medical Savings Account in order to receive the tax deduction?
You do not need to enter information regarding your section 125 (cafeteria plan) for medical expenses anywhere on your tax return.
Unlike contributions made to HSA and other tax-advantaged medical accounts, there is not a reporting requirement for cafeteria plans or Flexible Spending Accounts (FSA) on your tax return. The money that is put into the section 125 or FSA is pre-tax money. Therefore, there is not an additional deduction that you can take for those amounts.
https://ttlc.intuit.com/replies/3302130
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