I had a HDHP and HSA plus a FSA limited purpose (for dental treatment) in tax year 2022. Will there be a tax form for the FSA limited purpose?
Do I need to report the FSA LP on the tax return?
I am confused about this since I got a tax form for the HSA but not the FSA LP and they are both at the same company. Also, I don’t see anything on the W2 regarding the $ amount of the FSA LP.
Thank you
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There are no reporting requirements for FSAs on your income tax return. You do not include FSA on your tax return.
HSAs or HDHPs which must be reported on your Form 1040. You will receive reporting documents for HSAs.
There is no 1099-SA form or other tax statement for the Flexible Spending Account (FSA), which is different from the Health Savings Account (HSA). FSA funds are already tax-free and not needed for tax purposes.
An FSA allows you to contribute pre-tax dollars from your salary. Your employer may also make contributions to your FSA account. You may withdraw the money tax-free if it’s used for qualifying expenses.
There are no reporting requirements for FSAs on your income tax return. You do not include FSA on your tax return.
HSAs or HDHPs which must be reported on your Form 1040. You will receive reporting documents for HSAs.
There is no 1099-SA form or other tax statement for the Flexible Spending Account (FSA), which is different from the Health Savings Account (HSA). FSA funds are already tax-free and not needed for tax purposes.
An FSA allows you to contribute pre-tax dollars from your salary. Your employer may also make contributions to your FSA account. You may withdraw the money tax-free if it’s used for qualifying expenses.
Thank you
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