{"id":558,"date":"2020-05-19T12:24:00","date_gmt":"2020-05-19T22:24:00","guid":{"rendered":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/?p=558"},"modified":"2022-06-05T12:24:50","modified_gmt":"2022-06-05T22:24:50","slug":"irs-tax-relief-for-taxpayers-in-section-125-cafeteria-plans","status":"publish","type":"post","link":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/news-and-information\/irs-tax-relief-for-taxpayers-in-section-125-cafeteria-plans\/","title":{"rendered":"IRS Tax Relief for Taxpayers in Section 125 Cafeteria Plans"},"content":{"rendered":"\n<p>To help taxpayers address unanticipated changes in expenses because of the COVID-19 pandemic, the IRS is allowing temporary changes to section 125 cafeteria plans, including:<\/p>\n\n\n\n<ul><li>Extended claims periods to apply unused amounts remaining in a health flexible spending arrangements (FSAs) and dependent care assistance program as of the end of a grace period or plan year ending in 2020 through December 31, 2020.<\/li><li>Mid-year elections for health coverage, health FSAs changes, and dependent care assistance programs.<\/li><li>Ability to apply earlier relief for high deductible health plans to cover expenses related to COVID-19 and a temporary exemption for telehealth services retroactively to January 1, 2020.<\/li><li>Increasing limit for unused health FSA carryover amounts from $500 to a maximum of $550.<\/li><\/ul>\n\n\n\n<p>For more information, see the&nbsp;<a href=\"https:\/\/www.irs.gov\/newsroom\/irs-provides-tax-relief-through-increased-flexibility-for-taxpayers-in-section-125-cafeteria-plans\" target=\"_blank\" rel=\"noreferrer noopener\">IRS press release.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>To help taxpayers address unanticipated changes in expenses because of the COVID-19 pandemic, the IRS is allowing temporary changes to section 125 cafeteria plans, including: Extended claims periods to apply unused amounts remaining in a health flexible spending arrangements (FSAs) and dependent care assistance program as of the end of a grace period or plan [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/posts\/558"}],"collection":[{"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/comments?post=558"}],"version-history":[{"count":1,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/posts\/558\/revisions"}],"predecessor-version":[{"id":559,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/posts\/558\/revisions\/559"}],"wp:attachment":[{"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/media?parent=558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/categories?post=558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/tags?post=558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}