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June 5, 2019
Question

I surrendered some funds in a dependent care FSA this tax year. Do I need to report that surrendered amount on my taxes in any manner? Should that amount be taxed?

  • June 5, 2019
  • 1 reply
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1 reply

June 5, 2019

You do not need to report it on your tax return.  Your contribution to the FSA was made with pre-tax funds, and the penalty for not using it is forfeiture, but there is no additional taxation or deduction for it.

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