Posted on April 29, 2022 by Mary Ellen Schill
Blog
On April 29, 2022, the IRS announced the Health Savings Account limits for 2023. With respect to contribution limits, the limits are higher than the ones for 2022 and the required deductible and out-of-pocket maximums have increased as well. As a reminder, these inflation adjusted amounts are effective for calendar year 2023 HSA/HDHP Requirement Cost-of-Living […]
Posted on May 11, 2021 by Mary Ellen Schill
Blog
Yesterday, the IRS announced the Health Savings Account limits for 2022. With respect to contribution limits, the limits are slightly higher than the ones for 2021. As a reminder, these inflation adjusted amounts are effective for calendar year 2022. HSA/HDHP Requirement Cost-of-Living Adjustments Limit on HSA Contributions – Self-only HDHP 2021 – $3,600 2022 – […]
Posted on March 27, 2020 by Sara J. Ackermann
Blog
After much negotiation over the past few days, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law, a $2 trillion stimulus package aimed at providing critical economic relief to Americans affected in the wake of the COVID-19 outbreak. Big Picture With a combination of direct payments, grants, loans […]
Posted on May 2, 2016 by Mary Ellen Schill
Blog
Late last week the IRS announced its adjustments to the health savings account limits for 2017. These limits are adjusted annually by the IRS for “cost of living.” Since the IRS rules for cost of living adjustments provide that adjustments are only made in $50 increments, and even then only if rounding to the nearest […]
Posted on May 4, 2015 by Mary Ellen Schill
Blog
Each spring (or late winter for those of us lucky enough to be living in Wisconsin), the IRS adjusts the various maximums (and minimums) for health savings accounts for the upcoming calendar year. The tax code (Code Section 223 if you want to play along at home) provides for annual “cost of living” adjustments for […]