New Debit Card Regulation Deadline Extended for Flexible Spending Accounts
On January 1, 2008, the IRS introduced new regulations for debit cards specifically used to reimburse eligible healthcare expenses for Flexible Spending Accounts (FSAs). The Internal Revenue Service mandated that Flexible Spending Account (FSA) debit cards may not be used at stores such as grocery stores, wholesale clubs, supermarkets, discount stores, etc unless those merchants […]