On November 9th, the IRS announced additional inflation adjustments for 2024, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The IRS did not increase the annual contribution limit for dependent care flexible spending accounts because that limit is not indexed to
Cafeteria Plans
Notice 2022-41: IRS Expands Mid-Year Cafeteria Plan Change Opportunities to Address “Family Glitch”
By Jennifer Rigterink on
Updated November 15, 2022
On October 11, 2022, the IRS and the Treasury Department released final regulations relating to premium tax credit eligibility for families, along with companion cafeteria plan guidance in Notice 2022-41.[1] The final regulations are expected to extend eligibility for premium tax credits to some dependents who were previously ineligible for…
IRS Announces 2023 Increases to Health FSA and Transportation Fringe Benefit Limits
By Justin Alex & Jesse T. Foley on
On October 18th, the IRS announced a slew of inflation adjustments for 2023, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The IRS did not increase the annual contribution limit for dependent care flexible spending accounts because that limit is not…
A Conjunction is Worth Thousands of Dollars: Recent Case Highlights Significance of “And” vs. “Or”
By Seth Safra, David B. Teigman, Aaron Weiss & Gregory Zeien on
You do not need a Lexis or Westlaw subscription to know that major cases and significant judgments have sometimes hinged on the meaning of a single word, or the placement of a single Oxford comma. We have a recent case to add to the list: Weinberg v. Waystar, Inc., et al., which was an…