IRS CHANGES: New law provides additional flexibility for health FSAs and dependent care assistance programs

Key Takeaways 

• Health flexible spending arrangements (FSAs) or dependent care assistance programs have additional discretion in 2021 and 2022 to adjust their programs to help employees better meet the unanticipated consequences
• Notice 2021-15 provides flexibility for the carryover of unused amounts from the 2020 and 2021 plan years and flexibility to extend the permissible period for incurring claims for plan years ending in 2020 and 2021
  
  

Read the latest from the IRS website here. ​