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Reply to "OMG, just realized I forgot to claim our FSA dependent care funds for 2016"
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[quote=Anonymous][quote=Anonymous]i never do this, its better to just claim the deduction on your taxes[/quote] Not if you have high enough income to trigger the phase out of deductions and/or trigger AMT. FSA is "above the line" meaning the $$ never shows up as income, so you get the tax benefit, even if you lose your deductions. [/quote]
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