Do I need a corrected w2? Box 10 on my w2 shows $1600 dependent care reimbursement however I did not collect the funds they were forfeited to the employer afterseparation

[kelseyholm5]

I had missed the deadline to withdraw the DCFSA funds due to my employer not notifying me of a deadline (60 days) after separation. The funds were forfeited back to my prior employer. Now that amount is showing on box 10 of my w2. Is it taxable income? Or is it going to effect my tax credits considering I did not actually receive the funds I want to be sure before filing.

[Opus 17 · Accepted solution]

Your W-2 is correct.  As part of the dependent care interview, you will indicate the funds were forfeited.  There won’t be any additional tax or penalties for this situation.