Flexible spending accounts ruled tax exempt

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.

Mon, 04/13/2009 - 00:00