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Wolters Kluwer Financial Services is the leading worldwide provider of comprehensive risk management, compliance and audit solutions for the financial services industry. We empower risk, compliance, finance and audit professionals in more than 15,000 financial services organizations worldwide to make intelligent and clear-sighted decisions in a rapidly evolving global environment.

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CARES Act Adds to List of HSA Eligible Medical Expenses

(Posted March 31, 2020) On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act. Included in the legislation are some significant changes to Health Savings Accounts, which among other things adds to the list of expenses that are considered eligible to be paid for with a tax-free HSA distribution.

CARES Act Waives IRA Required Distributions for Everyone in 2020

(Posted March 30, 2020) On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act. Included in the legislation are some significant retirement plan provisions including the ability to take penalty-free distributions from an individual retirement account for Coronavirus purposes and a waiver of 2020 required minimum distributions.

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