On December 27, 2020, the latest of several COVID-19 relief packages became law, as part of the Consolidated Appropriations Act, 2021 (the “New Law”). One of the most notable benefits-related provisions in the New Law relates to health and dependent care flexible spending accounts (“FSAs”). The changes to FSA rules in part expand on relief previously granted through Internal Revenue Service (“IRS”) Notices 2020-29 and 2020-33 (the “Notices”), but also include several new provisions.