Flexible spending accounts ruled tax exempt
April 13, 2009
Effective immediately, Flex dollars will be tax exempt due to a change in the Mississippi State tax statutes regarding meal plans for students.
Recently, the Mississippi Tax Commission determined that declining funds associated with pre-purchased student meal plans, such as Flex Dollars, do qualify as "meals" within a meal plan. Items purchased at any C-Store on campus will remain taxable under this regulation.
For more information on the new tax regulation, contact MSU Dining Services at 662-325-8138.
The tax regulation is subject to change as recent state tax code is clarified.