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The Internal Revenue Service issued its annual inflation adjustment Wednesday for health savings accounts for 2021, at a time when many taxpayers are worried about their health in the midst of the novel coronavirus pandemic.
May 20 -
The IRS is extending the claims period for health care flexible spending arrangements and dependent care assistance programs and enabling taxpayers to make mid-year changes to their accounts.
May 12 -
They are triple-tax advantaged, but also introduce significant challenges — especially for life partners with multiple accounts.
December 20 -
The limit on deductible contributions to health savings accounts will jump by $50 for individuals and $100 for families next year.
May 31 -
Some seniors are missing out on a potential 20% tax deduction, and “no one is talking about what a wonderful retirement planning technique" it is, says an expert.
May 14 -
The number of health savings accounts has increased 16% over the past year, and assets now exceed $40 billion.
October 24