NEW HSA qualified spending identified for 2011

The IRS has released their changes relating to Flex Spending Accounts for the 2011 tax season.  These regulations and changes relate to such tax avoidance accounts as Health Savings Accounts (HSA) and Archer Medical Savings Accounts (MSA).  Purchases of over the counter drugs NOT requiring a prescription will no longer be included as qualifying purchases.  Nonprescription Insulin, medical devices, contact lenses, eye glasses, and Co-pays for doctor visits DO still qualify.  See IRS publication 969 for complete program details.

Joseph Rogers

Recent Posts

Corporate Transparency Act On Pause

Just yesterday, Dec 3rd, there has been a nation wide preliminary injunction against enforcement of…

3 weeks ago

Tax Help Phone Numbers for Professional Tax Preparers

Who do professional tax preparers call when they need help? The answer is, like many…

5 months ago

Tax Certifications For Professional Tax Preparers

Tax season is a busy time for everyone involved, but it's especially important for taxpayers…

1 year ago

IRS Shutting Down MeF E-File System on November 18th, 2023: File Your Taxes Early!

The Internal Revenue Service (IRS) will be shutting down its Modernized e-File (MeF) system on…

1 year ago

2024 PTIN Renewals Open

The PTIN portal is officially open for new 2024 PTINs and for PTIN renewals for…

1 year ago

How Do I Get an ITIN?

An Individual Taxpayer Identification Number (ITIN) is a nine-digit number issued by the Internal Revenue…

1 year ago

This website uses cookies.