2020 IRS Cost of Living Adjustments

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The IRS recently released cost of living adjustments for 2020 under various provisions of the Internal Revenue Code (the Code). Some of these adjustments may affect your employee benefit plans. - Cafeteria Plans – Health Flexible Spending Arrangements - Qualified Transportation Fringe Benefits - Highly Compensated - Key Employee - Non-Grandfathered Plan Out-Of-Pocket Cost-Sharing Limits - Qualified Small Employer Health Reimbursement Arrangements - Health Savings Accounts

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