If you have additional questions about IRS rules consult Publication 502 “Medical and Dental Expenses;” and 503 “Child and Dependent Care Expenses.”
Save all your receipts in one place, perhaps in a file or envelope to help you stay organized throughout the plan year.
Receipts must show:
The IRS does not consider credit card receipts, cancelled checks or balance forward statements as acceptable forms of receipts. For over-the-counter (OTC) items; include a doctor’s note and clarify the specific item or include a photocopy of the package.
Examples of receipts include:
Receipts are required to verify that you are spending money from your account on qualified expenses. You can submit your receipts once or as often as you like. However, processing of reimbursement checks require a minimum of $20.00 of receipts. You may access your personal account online or call ABS to confirm account balances.
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