Sonya M. Gordon

IRS Releases Rev. Proc. 2014-61 Addressing FSA and Transportation Benefit Limits for 2015

SONYA M. GORDON, October 2014 — On October 30, the Internal Revenue Service (“IRS”) released its annual inflation adjustment guidance for over 40 federal tax provisions, including annual contribution limits for tax-qualified health flexible spending arrangements (“Health FSAs”) and monthly limits for qualified transportation benefits. These and the other tax adjustment limits were covered in […]