Stack of piggy banks Becauselifestyle spending accounts are post-tax accounts, the IRS does notmandate eligible expenses; rather, the employer decides what they'dlike to cover for employees.

Lifestyle spending accounts have been around for years, but havegained traction in recent weeks as a result of COVID-19's impact onbusiness. These accounts provide a way for employers to assistemployees with unexpected expenses during an emergency or change intheir routines.

In this Q&A-style post, we'll give you a baseline overviewof these accounts, how they work, how employees use them, and whythey can be a helpful resource to employees in times of need.

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