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CPAsNET Firm Of The Month

June 2015

This revenue procedure provides the 2016 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code.

  • Annual contribution limitation. For calendar year 2016, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $3,350. For calendar year 2016, the annual limitation on deductions under § 223(b)(2)(B) for an individual with family coverage under a high deductible health plan is $6,750...
CPAsNET.com
P.O. Box 7648 solutions@cpasnet.com phone: 609-890-0800
Princeton, NJ 08543 June 30, 2015 fax: 609-689-9720