April 27, 2012 The IRS released the 2013 inflation adjustments for HSAs. 2013 Annual Contribution Limit: Single coverage: $3,250 (up from $3,100 in 2012) Family coverage: $6,450 (up from $6,250 in 2012) 2013 Minimum Deductible for HDHP: Single coverage: $1,250 (up from $1,200 in 2012) Family coverage: $2,500 (up from $2,400 in 2012) 2013 Maximum [...]
Technorati Tags: hsa,health savings account,health savings account indexing,IRS taxes,Tax savings,Taxes,Treasury By Ric Joyner, MBA, CEBS, GBA, CFCI We predicted that there would be no changes to the HSA indexing for 2011 based on information that Roy Ranthum shared on a webinar earlier this year, and the IRS released today that there are no changes [...]
LiveJournal Tags: Taxes,IRS,Treasury Department,Employee Benefits,HSA,Health Savings Accounts,Indexing Limits Rev. Proc. 2009-29 SECTION 1. PURPOSE This revenue procedure provides the 2010 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code. SECTION 2. 2010 INFLATION ADJUSTED ITEMS Annual contribution limitation. For calendar year 2010, the annual limitation on [...]
By Larry Grudzien, JD Over the last several weeks, I have received numerous questions regarding how to complete Part I of Form 8889 for 2008. The reason for this is that the instructions to Form 8889 are very complex and unclear. To assist, I have drafted an explanation that shows how to complete Part I [...]
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