On April 26, 2018, the IRS issued an announcement that impacts the maximum family contribution to a Health Savings Account (HSA). For 2018, taxpayers with family coverage under a high-deductible health plan (HDHP) may treat $6,900 as the maximum deductible HSA contribution. As you may recall: The IRS initially announced in May 2017 that $6,900 [...]Continue Reading →
Posts Tagged 'benefits compliance'
Will your company be including a Flexible Spending Account (FSA) plan within its employee benefits program for 2017? If so, it’s important to note the the IRS has increased the annual contribution limit. The IRS has set the FSA dollar limit on employee salary reduction contributions to $2,600 for taxable years beginning in 2017. Steps [...]Continue Reading →