The amount individuals and couples who are 55 and older can contribute to an HSA will climb to $5,150 and $10,300, under new IRS guidance.
Parents wait with their daughter for her prescription at their local pharmacy in Killingworth, Conn., on Feb. 3, 2021.Older U.S. couples will be able contribute more than $10,000 annuallyUnder guidance the IRS announced Tuesday that goes into effect next year, individuals can contribute as much as $4,150 to an HSA each year, a 7.8% increase. Families can set aside up to $8,300, up 7.1%, according to the new rules.
The large annual cost-of-living adjustment was expected given rising inflation, according to Kevin Robertson, senior vice president and chief revenue officer at HSA Bank. "It just sounds like a lot of money," he said."It will catch people's attention, and more will say they now need to look at an HSA contribution."Society for Human Resource Management observed
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Poised for Breakup, China’s Alibaba Finishes Year With $10 Billion ProfitAlibaba, China’s e-commerce and entertainment giant, announced net profits of $10.6 billion for its financial year to the end of March, a year-on-year increase of 39%. The rebound was achieved on r…
Lire la suite »
Nonprofit Gives $10 Million to UC San Diego to Study Benefits of MeditationThe nonprofit InnerScience Research Fund has committed $10 million to UC San Diego over the next five years for research on how meditation may slow the progression of serious terminal and chronic illnesses, it was announced Wednesday.
Lire la suite »
Jury Awards $10 Million to Family of Woman Killed in Chicago Police Chase CrashA jury has awarded $10 million to the family of a woman killed in a crash during a high-speed Chicago police chase in 2017.
Lire la suite »
Alabama looks to spend initial $10 million from opioid settlement on addiction treatmentA bill introduced in the Alabama legislature will send most of this year’s $10 million opioid settlement payment to the Alabama Department of Mental Health for programs to prevent and treat addiction.
Lire la suite »