On February 18, 2021, the IRS released Notice 2021-15 (the Notice), which provides additional guidance clarifying many open issues following implementation of Section 214 of the Consolidated Appropriations Act (CAA). Section 214 of the CAA provided a considerable amount of flexibility to employers sponsoring health care flexible spending accounts (health FSAs) and dependent care flexible spending accounts (dependent care FSAs).
Please see full publication below for more information.
