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FSA - Debit Card
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No. Although there is no requirement for you to complete claim forms, additional documentation will be required in some cases in order to meet IRS guidelines. Therefore, you must keep copies of all receipts and itemized statements (not the credit card receipt) for each purchase for the entire plan year. In some cases, you’ll receive a letter requesting the documentation and you will be required to submit this information to substantiate the expense according to IRS regulations. For example, itemized receipts listing the merchant name, name of the item/product, date and amount will be requested for all over-the-counter purchases.
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