Congress Provides Welcome Relief for FSAs Amidst Continuing Pandemic
Fraser
JANUARY 11, 2021
Due to closure of schools and day cares throughout 2020, many dependent care flexible spending accounts (FSAs) remain overfunded, leaving numerous employees with the threat of forfeited account balances. This was a voluntary change and was only for the 2020 plan year. Employees could not retroactively change their elections.
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