https://www.basiconline.com/wp-content/uploads/2018/06/iStock-IRS-e1528810597531.jpg 409 723 Anna Mulder https://www.basiconline.com/wp-content/uploads/2019/03/BASIC-online-logo.png Anna Mulder2019-05-28 10:34:452021-10-05 10:27:17IRS Releases HSA Contribution & Coverage Limits for 2020
IRS Releases HSA Contribution & Coverage Limits for 2020
IRS has just issued Revenue Procedure 2019-25, which provides the 2020 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g). Many items have increased for 2020.
|Health Savings Accounts||2020||2019|
|Self-only coverage annual minimum deductible||$1,400||$1,350|
|Self-only coverage maximum out of pocket||$6,900||$6,750|
|Self-only coverage maximum HSA contribution||$3,550||$3,500|
|Family coverage annual minimum deductible (Family coverage can include a spouse and any dependents)||$2,800||$2,700|
|Family coverage maximum out of pocket||$13,800||$13,500|
|Family coverage maximum HSA contribution||$7,100||$7,000|
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