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New Member
posted Jan 25, 2024 1:49:32 PM

Cant find where to enter FSA

FSA deductions

0 2 1081
1 Best answer
Level 15
Jan 25, 2024 2:19:45 PM

A dependent care FSA is recorded in box 10 of your W-2 and you must answer the questions in the Child and Dependent Care credit section.

 

A medical FSA is not reported anywhere on your tax return, you don;t report the reimbursements from a medical FSA and you don't report those medical expenses that were reimbursed from the FSA.

2 Replies
Expert Alumni
Jan 25, 2024 2:04:08 PM

"When you choose to participate in a dependent care assistance program through your employer, your employer has to report that value in box 10 of your Form W-2. This type of plan is a voluntary agreement to reduce your salary in return for an employer-provided fringe benefit.

 

You're receiving a tax benefit because under the plan, you're not paying taxes on the money set aside to pay for the dependent care expenses.

 

You must complete and attach Form 2441, Child and Dependent Care Expenses to your tax return."

IRS Child and Dependent Care Credit & Flexible Benefit Plans

 

To enter your childcare expenses and file a Form 2441:

  1. Open your return.
  2. Enter Form 2441 in the Search box.
  3. Click on jump to Form 2441 link.
  4. Answer  the interview questions.

@bathalon2000 

 

[Edited 1/26/24 | 10:36 AM PST]

Level 15
Jan 25, 2024 2:19:45 PM

A dependent care FSA is recorded in box 10 of your W-2 and you must answer the questions in the Child and Dependent Care credit section.

 

A medical FSA is not reported anywhere on your tax return, you don;t report the reimbursements from a medical FSA and you don't report those medical expenses that were reimbursed from the FSA.