IRS Obamacare Power of the Day: Medicine Cabinet Tax

Throughout the summer, Americans for Tax Reform will be highlighting the most outrageous new powers that the IRS will have under the Obamacare law.  According to a report from GAO, the IRS is tasked with nearly four dozen new powers under that law.  Each day, one will be selected for a brief review.

Thanks to Obamacare, you can no longer buy non-prescription, over-the-counter medicines with your health savings account (HSA) or workplace flex account (FSA).