IRS Releases Annual Guidance on Medical Expenses

On January 21, 2020, the IRS released Publication 502, which defines and explains qualified medical expenses (including dental expenses) under the Internal Revenue Code. This publication is particularly relevant to sponsors and participants of certain self-insured group health plans, such as Health FSAs and HRAs, as well as individuals itemizing medical expenses on their tax returns.

The latest Publication 502 can be found at this link.