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IRS Notice 21-16: Clarifications on DC FSA limit increases

Updated: May 4, 2023

The the IRS's recent notice 21-16, some greatly needed clarifications were provided on the recent increase to dependent care FSA limits for the 2021 tax year.

It begged the question: what if my plan year doesn't correspond with the tax year?

This, and several other questions were answered in this helpful notice - watch for more info!

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