Year-End Budget Bill Provides Welcome Rules for Flexible Spending Accounts
By EsqSocial Corporation 29/12/20
This year, employers have been worried about the impending forfeiture of their employees’ flexible spending account dollars given that many employees couldn’t use those dollars throughout much of the year due to the closure of day care facilities and summer camps and the postponement of health care services as a result of the COVID pandemic. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, which was included in the year-end budget and COVID relief package signed by President Trump on...
By: Foley & Lardner LLP