turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

zahhhmbie
Returning Member

Solved

Solved

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
BillM223
Employee Tax Expert

Solved

This $250 was originally withheld from your Wages by your employer (whichever employer gave you the W-2 with the entry in box 10).

 

So this $250 is still money from the same employer, even if this is reported oddly.

 

If you can, just enter the information from your W-2 (I am not sure what information your state is asking for), because this is where the money came form in a roundabout way.

 

Does that work for you?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Solved

I have a similar situation, but instead of accidental contribution over the maximum, my wife and I ended up pulling our children out of daycare, thus leaving a balance. It is my understanding that any unused contributions are forfeited at the end of the year. Is that considered income if we are unable to use it? The remaining balance is showing up as an Employer on my city returns like the original post. Do we need to use the Employee ID of the applicable employer for which those funds were withheld? Thank you in advance.

BillM223
Employee Tax Expert

Solved

"It is my understanding that any unused contributions are forfeited at the end of the year."

 

This depends on your employer's FSA plan.

 

You should go check with your benefits person to see if you can carry any part of this over to next year.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question