Employee Benefits, Flexible Spending Accounts, P&A Group

Adoption Assistance FSA: Save Money as Your Family Grows

Enrolling in an Adoption FSA can save you significant money on adoption expenses. One of the biggest challenges facing families who are considering adoption is the cost. According to sources, parents can expect to spend at least $40,000 adopting one child. Luckily, resources like an Adoption Assistance FSA can help reduce expenses. If you're not… Continue reading Adoption Assistance FSA: Save Money as Your Family Grows

Flexible Spending Accounts, P&A Group

New Inflation-Adjusted Amounts Announced

The IRS announced new inflation-adjusted amounts under the Tax Cuts and Job Act of 2017, which modified the contribution amounts to the below plans.  These changes are retroactive to January 1, 2018. Adoption Assistance Flexible Spending Account The maximum amount that may be excluded from an employee's gross income under an employer-provided adoption assistance program… Continue reading New Inflation-Adjusted Amounts Announced