IRS Issues Guidance on $2,500 Health FSA Contribution Limit

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Starting next year, employees will be able to contribute no more than $2,500 to a health flexible spending arrangement under new rules enacted in 2010’s health care legislation. The Internal Revenue Service on Wednesday issued guidance on how employers should implement this limit into their existing plans and clarified several issues.

A detailed analysis can be found at JournalofAccountancy.com.

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