IRS Notice 2021-15 Provides Clarity Regarding FSA Relief Available Under Consolidated Appropriations Act Benefits Law Update | Verrill
To embed, copy and paste the code into your website or blog: Section 214 of the Consolidated Appropriations Act, 2021 (CAA) provides a substantial amount of flexibility for the operation of health and dependent care Flexible Spending Accounts (FSAs). The CAA did, however, leave many open questions regarding how to implement and apply the added flexibility. IRS Notice 2021-15, released February 18, provides welcome clarity regarding several of the lingering questions, as well as some additional relief and guidance. The CAA permits health and dependent care FSAs to provide the following relief:...
Source: jdsupra.com