IRS adjusts Health Savings Accounts limits for inflation in 2020

In Rev Proc 2019-25, the IRS recently announced the inflation adjustments that will apply to the deductions on contributions to a Health Savings Account (HSA) for 2020. This Rev. Proc. adjusts the amounts set forth in Internal Revenue Code §233. §233 allows eligible individuals who participate in a High Deductible Health Plan (HDHP) to deduct …

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