Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can someone answer some questions regarding W2s and FSA/401k deductions?

April 26, 2017answer college admissions deductions FSA help W2

0

Posted

Can someone answer some questions regarding W2s and FSA/401k deductions?

1 Answer

0

Posted

thanks to everyone for the help!!! Mamabear — your answer in particular helped! I know about the fact that some income that is pre-tax gets added back in, etc (not a big deal for us — the amount is miniscule) but I couldn’t figure out if it was already taken out of the W-2 figure or I needed to deduct it myself. I didn’t want to have it count twice! My husband’s paycheck clearly states that all health/dental/vision premiums as well as the FSA are pre-tax (they are highlighted differently on each paycheck). I love the FSA (and actually having health insurance for the first time in 5 years) — what a great concept! I agree with swimcatsmom — individuals should be able to do an FSA.