2020 Inflation Adjustments for Health Savings Accounts Released
The IRS has released the 2020 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2020, the annual limitation on deductions under Code Sec. 223(b)(2) for an individual with self-only coverage under a high-deductible plan is $3,550 ($7,100 for an individual with family coverage). A “high-deductible health plan” is defined in […]
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