DiscoverTo The Point PodcastIRS Clarifies COVID-19 Relief for FSAs and DCAPs
IRS Clarifies COVID-19 Relief for FSAs and DCAPs

IRS Clarifies COVID-19 Relief for FSAs and DCAPs

Update: 2021-03-08
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While the Consolidated Appropriations Act (CAA) favorably addressed options for employers to extend to employees with year-end balances in their health and dependent care flexible spending accounts, the Act left many questions unanswered in regard to the mechanics and potential tax consequences of these accommodations. 

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IRS Clarifies COVID-19 Relief for FSAs and DCAPs

IRS Clarifies COVID-19 Relief for FSAs and DCAPs

Sarah Gillespie, Andrew Bartolotta, Stacy Barrow