Latest Post

The Consolidated Appropriations Act, 2021 (CAA) was signed into law on December 27, 2020. This major funding bill included the COVID-Related Tax Relief Act of 2020 and the Taxpayer Certainty and Disaster Tax Relief Act of 2020. Following are highlights of the provisions affecting employer-sponsored benefit plans: Flexible Spending Arrangements (FSAs) The CAA allows for certain relief pursuant to health care and dependent care FSAs as follows: Carryovers — All unused benefits in plan years… Continue Reading Overview of Benefits Provisions in New COVID-19 Bill