1. Treasury Relaxes Use or Lose Rule for Flexible Spending Accounts

    Treasury Relaxes Use or Lose Rule for Flexible Spending Accounts

    The Treasury Department and the Internal Revenue Service have loosened the “use it or lose it” rule for flexible spending arrangements for health care, allowing participants in health benefit plans to carry over up to $500 from their FSA from year to year. The goal is to make health FSAs more consumer-friendly and provide added flexibility.

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