I'm sure we will gain some clarity on this, as it starts getting implemented. But here is a scenario for those who might already be familiar with tax deductible employee benefits.
Let's say I need to get a new part for my bicycle that exceeds $20, (for the sake of argument, I'll put the cost at $80).
Do I submit the receipt, ONCE, for $20 to my employer and be done with it?
OR
Do I re-submit the receipt for four months until I have recouped the $80?
Just curious about how this will play out in a real-world situation.
Thanks.