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The IRS issued guidance on the taxability of dependent care assistance programs (DCAPs), also known as dependent care flexible spending accounts (FSAs) for 2021 and 2022. Carryovers...
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Personal protective equipment (PPE), including masks, hand sanitizer, and sanitizing wipes used to prevent the spread of COVID-19, can be deducted as a medical expense when filing...
2.5 minute read
Implementing any type of benefit change is usually met with a mix of openness and hesitation, depending on the employee. Many employers have implemented a Health Reimbursement...
1.5 minute read
The new IRS guidance includes more options when it comes to unused funds in an employee’s health flexible spending accounts (FSAs) and dependent care assistance programs (DCAPs)....
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The CARES Act was made into law in late March, providing federal funding to address the COVID-19 crisis. In addition to providing direct financial assistance to Americans, it also...
1.5 minute read
The IRS recently increased the health FSA dollar limit on employee salary reduction contributions for 2020 plan years. According to the Affordable Care Act (ACA), a dollar limit is...
In a move to expand health care choices and lower costs for consumers, along with reducing administrative burdens for small employers, President Trump has proposed a rule to expand the use of...
