If I participate in the dependent care Flexible Spending Account (FSA) plan, do I need to report anything on my personal income tax return at the end of the year?
Yes. You must identify all persons or organizations that provide care for your child or dependent by filing IRS Form 2441 -Child and Dependent Care Expenses, along with your Form 1040 each year (or Schedule 2 for Form 1040A). Please note filing requirements are subject to change by the IRS. Consult your tax advisor have specific questions.
Related Questions
- I have a Dependent Care Assistance Plan (DCAP) or Flexible Spending Account (FSA) through work. What do I use as evidence to submit to my employer in order to be reimbursed?
- If I participate in the dependent care Flexible Spending Account (FSA) plan, do I need to report anything on my personal income tax return at the end of the year?
- May I participate in the Premium Only Plan (POP), the Dependent Care Flexible Spending Account and a Health Savings Account (HSA)?
