Author Topic: Do you get a tax form for Dependent Care FSAs?  (Read 877 times)

SpacemanSpiff

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Do you get a tax form for Dependent Care FSAs?
« on: January 08, 2018, 01:42:54 PM »
Have started gathering the forms for filing 2017 taxes, and realized I was not sure if we will be getting an official tax form for the Dependent Care FSA that we started using in 2017.

For those of you that have utilized a DCFSA account in the past, did you receive a tax form that you used to file your taxes? My google search did not lead me to anything, but it wouldn't be the first time I've missed something.

Thanks!!

Sidenote: I'm not worried about determining the amounts on such as we contributed a round dollar amount and spent it all during 2017, but more so wondering if there is a specific form I will need to look out for in the mail.

BigRed

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Re: Do you get a tax form for Dependent Care FSAs?
« Reply #1 on: January 09, 2018, 09:23:01 AM »
No, there is no form.  Your DCFSA contributions are in a box on the W-2.  Then you will need to compile receipts with tax-id numbers for all eligible spending.  Your DCFSA account holder, and any forms you used to get reimbursement from them are, as far as I can tell, irrelevant.  You need actual receipts from the providers of care with Tax-id numbers.

There's no separate form to put the spending on, and there's no 1099-type form that shows you paid it.  You would only need those receipts if you get audited.

SpacemanSpiff

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Re: Do you get a tax form for Dependent Care FSAs?
« Reply #2 on: January 09, 2018, 11:10:52 AM »
Ok, good to know.  Glad to not have to add another form to the list.  Thanks!

robartsd

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Re: Do you get a tax form for Dependent Care FSAs?
« Reply #3 on: January 09, 2018, 03:31:36 PM »
FSA (medical or dependent care) accounts don't have any tax statements of their own. The employer reported that the money was taken out of your pay on the W-2 and qualifying reimbursements are not taxable. The only thing the IRS cares about at that point are the profits the provider gets from unclaimed funds, but that's not relevent to your personal income taxes.