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IRS Provides COVID-19 Section 125

Posted on May 20th, 2020
IRS Provides COVID-19 Section 125

Under Notice 2020-29, the IRS announced the allowance for temporary changes to Section 125 cafeteria plans for the calendar year 2020. These changes are in response to COVID-19 in order to provide more flexibility to taxpayers.  Under normal circumstances, Section 125 elections are irrevocable outside of open enrollment unless there is a qualifying life event… Read More »