The IRS released information recently that Health flexible spending arrangements are not subject to the $2,500 limit on salary reduction contributions for plan years beginning before 2013. Here are the highlights.
Stunning news--The IRS is requesting input from taxpayers on how to construct a new "use or lose rule." Yes, you read it right. Taxpayers are encouraged to contact the IRS with feedback.
Download IRS Notice 2012-40 for more details.
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