IRS Issues FSA Guidance for OTCs

WASHINGTON — The Internal Revenue Service last week issued new guidance allowing the continued use of health flexible spending arrangement and health reimbursement arrangement debit cards for the purchase of prescribed over-the-counter medicines and drugs.

WASHINGTON — The Internal Revenue Service last week issued new guidance allowing the continued use of health flexible spending arrangement and health reimbursement arrangement debit cards for the purchase of prescribed over-the-counter medicines and drugs.

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