3

I missed the deadline to claim my dependent care FSA for a previous year. Since the entire FSA amount was forfeited, can I claim dependent care credit instead for that year ?

Improve this question

1 Answer 1

Reset to default
3

No. You already received the deduction, since that lost FSA money was pre-tax. You can't double dip. However if your FSA amount was less than your actual expenses, you can file on the difference.

Example: $4500 actual expenses, $3000 FSA (lost). You can get the dependent care credit based on $1500.

Improve this answer

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .