The IRS issued a reminder to taxpayers that the cost of home testing for COVID-19 is an eligible medical expense that can be paid or reimbursed under FSAs, HSAs, and HRAs.
On May 18, 2021, the IRS issued Notice 2021-31, which provides guidance on the COBRA subsidy created by the American Rescue Plan Act (ARPA).
The House of Representatives voted to approve the $1.9 trillion COVID-19 relief package, known as The American Rescue Plan Act of 2021. The bill will now go to President Biden's desk, who is expected to sign the legislation.
