Acceptable Proof of Payment for Flex Spending Accounts
August 2021 Tax Quick FAQ:
Recent IRS activity indicates that the agency is paying attention to whether tax filers are properly substantiating items reimbursed through flexible spending accounts (FSA). The IRS restated that flexible spending account (FSA) items paid using an FSA debit card must have all of the information required for claims. A simple receipt is usually not sufficient.
For a list of acceptable FSA substantiation and other helpful info on FSAs, join our email list. The FSA list will be emailed directly to you.
August 2021 Tax Quick FAQ:
Recent IRS activity indicates that the agency is paying attention to whether tax filers are properly substantiating items reimbursed through flexible spending accounts (FSA). The IRS restated that flexible spending account (FSA) items paid using an FSA debit card must have all of the information required for claims. A simple receipt is usually not sufficient.
For a list of acceptable FSA substantiation and other helpful info on FSAs, join our email list. The FSA list will be emailed directly to you.