United States: IRS Releases Guidance On Taxation Of Dependent Care Benefits Subject To Extended Carryover Or Grace Period - Winston & Strawn LLP

United States: IRS Releases Guidance On Taxation Of Dependent Care Benefits Subject To Extended Carryover Or Grace Period - Winston & Strawn LLP

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On May 10, 2021, the Internal Revenue Service (IRS) released Notice 2021-26 (the Notice), clarifying the federal income tax implications of recent temporary changes to rules governing dependent care flexible spending accounts.

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