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IRS Issues Guidance On The CAA Changes For Flexible Spending Accounts: Good News For Participants But Additional Administrative Challenges For Plan Sponsors - Employment and HR

To print this article, all you need is to be registered or login on Mondaq.com. The IRS recently issued Notice 2021-15 to provide guidance on certain provisions of the Consolidated Appropriations Act of 2020 (the "CAA") affecting the administration of flexible spending accounts ("FSAs").  The CAA changes are intended to address the reality that many participants were not able to incur a sufficient amount of health care or dependent care expenses in 2020 to zero out thei...
Consolidated Appropriations Act Client Alert Carry Over Account Internal Revenue Code Extended Grace Former Participants
Source: mondaq.com

IRS Issues Guidance on the CAA Changes for Flexible Spending Accounts: Good News for Participants but Additional Administrative Challenges for Plan Sponsors | Dickinson Wright

To embed, copy and paste the code into your website or blog: The IRS recently issued Notice 2021-15 to provide guidance on certain provisions of the Consolidated Appropriations Act of 2020 (the "CAA") affecting the administration of flexible spending accounts ("FSAs").  The CAA changes are intended to address the reality that many participants were not able to incur a sufficient amount of health care or dependent care expenses in 2020 to zero out their FSAs by the end of the 2020 plan year, an...
Dickinson Wright Consolidated Appropriations Act Client Alert Carry Over Account Internal Revenue Code Section Extended Grace

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