IRS Announces 2016 HSA Limits

On May 4, 2015, the Internal Revenue Service (IRS) released Revenue Procedure 2015-30 to announce the inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2016. The IRS announced the following limits for 2016:  The maximum HSA contribution limit;  The minimum deductible amount for high deductible health plans (HDHPs); and  The…

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