by Paula Kennedy, EA | May 12, 2022 | Business
The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts being increased more than they have been in recent years. HSA basics An HSA is a trust created...
by Brian Hare, CPA, CGMA | May 25, 2021 | Business
The IRS recently released guidance providing the 2022 inflation-adjusted amounts for 2022 Health Savings Accounts (HSAs). Fundamentals of HSAs An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account...
by Brian Hare, CPA, CGMA | May 26, 2020 | COVID-19
The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA basics An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” An HSA can only be...
