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IRS EXTENDS HSA CONTRIBUTION DEADLINE

IRS Extends HSA Contribution Deadline The Internal Revenue Service published a series of questions and answers relating to the delay of the tax filing deadline from April 15, 2020 to July 15, 2020 as provided in IRS Notice 2020-18.   With regard to contributions to an HSA, the IRS stated the following:   “Contributions may be made … Continued

IRS Announces HSA Limits for 2020 | CA Benefits Advisors

On May 28, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-25 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2020. An HSA is a tax-exempt savings account that employees can use to pay for qualified health expenses. To be eligible for an HSA, an employee: Must be covered … Continued

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