IRS Releases Health FSA Limit for 2025
On Oct. 22, 2024, the IRS released Revenue Procedure 2024-40 (Rev. Proc. 24-40), which includes...
Using HSAs, Health FSAs and HRAs for Over-the-Counter Items
Health savings accounts (HSAs), health flexible spending accounts (FSAs) and health reimbursement...
IRS Warning: HSAs, Health FSAs and HRAs Cannot Pay for Personal Health and Wellness Expenses
The IRS recently issued a bulletin to remind taxpayers that tax-advantaged medical savings...
Health FSA Limit Increases for 2024
On Nov. 9, 2023, the IRS released Revenue Procedure 2023-34 (Rev. Proc. 23-34), which includes the...
Health FSA Limit Will Increase for 2023
On Oct. 18, 2022, the IRS released Revenue Procedure 2022-38 (Rev. Proc. 22-38), which includes...
2022 Annual Benefit Plan Limits and Thresholds
Many employee benefits are subject to annual dollar limits that are periodically updated for...
Health FSA Limits will Increase in 2022
The Affordable Care Act (ACA) imposes a dollar limit on employees’ salary reduction...
10 Surprising Things You Can Buy With Your Leftover FSA Money
The end of the year is drawing near which may mean you have some extra money to spend.
No, you...
IRS Issues Guidance on Taxability of DCAP Benefits for 2021, 2022
On May 10, 2021, the Internal Revenue Service (IRS) released guidance on the taxability of...
PPE as Section 213(d) Qualified Medical Expenses
The Internal Revenue Service (IRS) released Announcement 2021-7 providing that amounts paid for...
February 2021 | SSG Compliance Recap
February was a relatively busy month in the employee benefits world.
The Department of...
