August 3, 2020

Volume X, Number 216

July 31, 2020

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New Publications 502 and 503 Released by Internal Revenue Service (IRS)

The Internal Revenue Service has recently released the latest versions of its Publications 502 and 503.  Publication 502 is a list of medical and dental expenses (including the Health Coverage Tax Credit) that are deductible by taxpayers on their 2013 federal income tax returns, while Publication 503 is a list of child and dependent care expenses for use in preparing a taxpayer’s 2013 return.  These publications are also useful in the administration of health and dependent care flexible spending accounts, as well as health savings accounts and health reimbursement accounts.

Links to these publications are below—

Publication 502–2013.pdf

Publication 503–2013.pdf

© 2020 McDermott Will & EmeryNational Law Review, Volume IV, Number 31


About this Author

Maureen O'Brien, McDermott Will Emery, qualified plan design Attorney, welfare Administration lawyer

Maureen O'Brien is counsel in the law firm of McDermott Will & Emery LLP and is based in the Firm’s Chicago office.  She focuses her practice on advising clients on a broad range of employee benefits matters, including qualified plan design, welfare plan design, employee benefit plan compliance issues, fiduciary matters, multiemployer pension plan issues and nonqualified deferred compensation plans.