Entries by CalCPA Health

HSA Contribution Extension for 2019

In response to the current conditions surrounding the COVID-19 pandemic, IRS Notice 2020-18 postpones the April 15, 2020 due date for filing federal income tax returns, deferring payments to July 15, 2020. The IRS has added information regarding this notice under “Filing and Payment Deadlines Questions and Answers” which addresses contribution extensions for those in […]

Novel Coronavirus (COVID-19) Update

With news media flooding the channels with constant information regarding the novel coronavirus (COVID-19), we are monitoring the situation and will continue to update our site as new developments occur. California is currently under a “shelter in place” order which directs residents to stay inside their homes and away from others as much as possible […]

The CARES Act Provides Help for Those with HSAs and FSAs

The $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed into law on March 27, 2020 with the purpose of helping employees out with benefit-related items during the COVID-19 crisis. The CARES Act repeals the Affordable Care Act’s exclusion of over-the-counter (OTC) medications from the definition of “qualified medical expenses”.  The bill […]