Have a HSA? Here is what you need to know as you prepare your 2019 Tax Return.
Tags: HSA, tax return, taxes, contribution, contribution limits, distributions
IRS Announces FSA and Parking/Transit Adjustments for 2020
Posted by Sierra Betterley on Wednesday, November 06, 2019 @ 11:16 AM
IRS ANNOUNCES ADJUSTMENTS FOR 2020
Today, November 6, 2019, the IRS released a statement announcing the Health Flexible Spending Account (FSA) and Qualified Parking and Transportation Account election limits for any plan years beginning in 2020.
Tags: IRS, FSA, HSA, contribution limits, irs bulletin, Dependent Care FSA, 2020, Qualified Parking, Qualified Transportation, Commuter Benefits
2019 FSA Contribution Limits Announced
Posted by Meri Christenson on Wednesday, November 28, 2018 @ 11:49 AM
On Thursday, November 15, 2018, the IRS released a statement that officially increased the annual contribution limit for Healthcare Flexible Spending Accounts (FSA) - both Medical FSAs and Limited Purpose FSAs - and the monthly contribution limits for Qualified Parking and Transportation Accounts for any plan years beginning in 2019. There was no change to the Dependent Care Flexible Spending Account.
Tags: IRS, FSA, contribution limits
Legislative Update: IRS Revises HSA Family Contribution Limit for 2018
Posted by Lindsay Barnard on Wednesday, March 07, 2018 @ 09:25 AM
On Monday, the IRS released Bulletin 2018-10, which included a revision to the 2018 Family contribution limit for Health Savings Accounts (HSA).
Tags: IRS, HSA, employers, Health Savings Accounts, Education, tax return, taxes, contribution, contribution limits, legislative updates, irs bulletin, legislation