2014: Higher Limits for HSA Contributions
The IRS has announced higher limits for 2014 on individual contributions to health savings accounts (HSAs) and for out-of-pocket expenses in high-deductible helath plans (HDHPs). The 2014 limits are listed below:
| 2014 | 2013 | |
| HSA contribution limit |
Individual = $3,300 Family = $6,550 |
Individual = $3,250 Family = $6,450 |
| HDHP minimum deductibles (no change) |
Individual = $1,250 Family = $2,500 |
Individual = $1,250 Family = $2,500 |
| HDHP maximum out-of-pocket amounts |
Individual = $6,350 Family = $12,700 |
Individual = $6,250 Family = $12,500 |
View full article: http://view.intercaresolutions.com/intercare-compliance-advisory-irs-announces-2014-hsahdhp-limits/
Davis & Hodgdon Associates has been assisting individuals and businesses in the Burlington Vermont Metro area for more than 20 years. The firm provides tax planning for individuals, corporations, trusts and estates that are seeking effective strategies to keep more of what they’ve earned. We also prepare all types of tax returns, including individuals, businesses, gifts and estates, trusts, nonprofits and foundations.For more information please call 802.878.1963 or email [email protected].
