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IRS Issues 2020 Version of Publication 502 on Medical and Dental Expenses
Thomson Reuters / EBIA
Jan. 29, 2021 "Publication 502 provides valuable guidance on what qualifies as a medical expense under Code Section 213(d), and thus helps identify the expenses that may be reimbursed or paid by health FSAs, HSAs, or HRAs, or covered on a tax-favored basis under other group health plans (e.g., employer-sponsored medical plans). But Publication 502 should be used with caution in connection with these benefits because it addresses the deductibility of medical expenses for individuals -- it does not account for differences in the rules for reimbursing expenses under health FSAs, HSAs, or HRAs." MORE >> |
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