Archive for the ‘2021 Tax Season’ Category.

HSA contribution limits increase for 2021

As is usual this time of the year the IRS advises the tax practitioner community and taxpayers of the upcoming 2019 H.S.A. Contribution limits for the upcoming 2020 (done in 2021) tax year. The IRS in Rev. Proc. 2020-32 announced the annual inflation-adjusted limits on deductions for co...

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