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Repeal or overturn the $2,500 limit imposed which reduces the maximum allowable contribution by 50% or FSA § 125(i) IRS

Created by M.G. on November 13, 2012

Repeal or overturn the $2,500 limit imposed which reduces the maximum allowable contribution by 50% on salary reduction contributions to health flexible spending arrangements (health FSAs) under § 125(i) of the Internal Revenue Code (Code) The Obama Administration claims that the "Healthcare Affordability Act " will help millions who are uninsured and help regulate the rising cost of healthcare. The $2,500 limit imposes an undue tax burden to many families who try to prepare and plan to PAY for services or products which are NOT COVERED BY INSURANCE OR CANNOT BE ACCESSED DUE TO HIGH DEDUCTIBLES. Planning means responsibly setting aside money "just in case."

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