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IRS Section 125 Flexible Benefit Administration

IRS Section 125 Flexible Benefit Administration

Under IRS Code Section 125, eligible employees can allocate a portion of their pre-tax salary to fund various qualified benefits, such as health insurance premiums, health savings accounts (HSAs), flexible spending accounts (FSAs), dependent care assistance, and other qualified expenses. By participating in a Section 125 plan, employees can reduce their taxable income, which in turn reduces their overall tax liability. Jefferson Solutions has established relationships with vendors that offer professional administration and service to employers.