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