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Tax Update: Changes to FSA "Use-it-or-Lose-it" Rule
Recent changes announced by the Internal Revenue Service (IRS) modify the "use-it-or-lose-it" rule that applies to health flexible spending arrangements (FSAs). Plan sponsors will now have the option of allowing participants in health FSAs to carry over up to $500 of unused funds in a health FSA to the following plan year. Find out more.