Employees can buy OTC drugs with pretax cash — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Employees can buy OTC drugs with pretax cash

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The IRS recently announced that employees can pay for over-the-counter medicine (even aspirin) with pretax dollars through their company flexible spending account (FSA) or other pretax health care plans. Previously, FSAs were limited to prescription-only drugs. For details, see www.treas.gov/press/releases/js695.htm.

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