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This page contains a single entry by Associate Editor published on May 27, 2010 7:28 PM.

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IRS Releases inflation adjusted amounts for health savings accounts

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Revenue Procedure 2010-22 provides the 2011 inflation adjusted amounts for health savings accounts under § 223 of the Code.

According to the IRS, for Calendar year 2011, the annual limitations on deductions are as follows:

For an individual with self-coverage only under a high deductible health plan: $3050

For an individual with family coverage under a high deductible health plan: $6150    

Posted by Joshua Hock, Associate Editor, Wealth Strategies Journal

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