IRS provides tax relief through increased flexibility for taxpayers in section 125 cafeteria plans

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The Internal Revenue Service today released guidance to allow temporary changes to section 125 cafeteria plans. These changes extend the claims period for health flexible spending arrangements (FSAs) and dependent care assistance programs and allow taxpayers to make mid-year changes.

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Original Article Source Credits: IRS ,

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Original Article Posted on : May 12, 2020

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