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.

How does participation in the Flexible Benefit Plan affect information on my W-2 form?

April 26, 2017affect benefit flexible form participation Plan W-2

0

Posted

How does participation in the Flexible Benefit Plan affect information on my W-2 form?

1 Answer

0

Posted

Your taxable income on the W-2 form will be reduced by contributions to any portion of the Flexible Benefit Plan. Funds contributed to the Dependent Care Account will be shown in a separate location on the W-2 as a non-taxable item.