IRS Announces 2025 Tax Waiver for FSA Contributions: What You Need to Know
In a bid to ease the financial burden on taxpayers, the Internal Revenue Service (IRS) has introduced a tax waiver for contributions to Flexible Spending Accounts (FSAs) in the 2025 tax year. This initiative allows eligible individuals to contribute a portion of their salary to cover essential medical expenses without paying federal income tax, Social … Read more