NEWS

IRS Addresses Tax Treatment of DCAP Benefits Available Under Extended Claims Period or Carryover

Available at https://www.irs.gov/pub/irs-drop/n-21-26.pdf

The IRS has provided guidance regarding the federal tax treatment of DCAP benefits that continue to be available in taxable years ending in 2021 or 2022 because of an extended claims period or carryover offered pursuant to the COVID-19 relief provisions of the Consolidated Appropriations Act, 2021 (CAA, 2021).

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News

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