Annual Limits

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2024

IRS Announces COLA Adjusted Retirement Plan Limitations for 2025November 12, 2024 | Erwin Kratz
The Internal Revenue Service released Notice 2024-80 announcing cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2025.…

IRS Announces COLA Adjusted Retirement Plan Limitations for 2024November 2, 2023 | Erwin Kratz
The Internal Revenue Service released Notice 2023-75 announcing cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2024.…

IRS Announces COLA Adjusted Retirement Plan Limitations for 2023October 21, 2022 | Kristi Hill
The Internal Revenue Service today released Notice 2022-55 announcing cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2023.…
IRS Announces 2023 HSA Contribution Limits, HDHP Minimum Deductibles and HDHP Maximum Out-of-Pocket AmountsMay 5, 2022 | Kristi Hill
The IRS has announced 2023 HSA and HDHP limits as follows: Annual HSA contribution limitation. For calendar year 2023, the annual limitation on deductions for HSA contributions under § 223(b)(2)(A)…

IRS Announces COLA Adjusted Retirement Plan Limitations for 2022November 4, 2021 | Kristi Hill
The Internal Revenue Service today released Notice 2021-61 announcing cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2022.…
IRS Announces 2022 HSA Contribution Limits, HDHP Minimum Deductibles and HDHP Maximum Out-of-Pocket AmountsJune 21, 2021 | Kristi Hill
The IRS has announced 2022 HSA and HDHP limits as follows: Annual HSA contribution limitation. For calendar year 2022, the annual limitation on deductions for HSA contributions under § 223(b)(2)(A)…

IRS Announces COLA Adjusted Retirement Plan Limitations for 2021October 26, 2020 | Kristi Hill
The Internal Revenue Service today released Notice 2020-79 announcing cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2021.…
IRS Announces 2021 HSA Contribution Limits, HDHP Minimum Deductibles and HDHP Maximum Out-of-Pocket AmountsJune 2, 2020 | Erwin Kratz
The IRS has announced 2021 HSA and HDHP limits as follows: Annual HSA contribution limitation. For calendar year 2021, the annual limitation on deductions for HSA contributions under § 223(b)(2)(A)…

IRS Announces COLA Adjusted Retirement Plan Limitations for 2020November 6, 2019 | Erwin Kratz
The Internal Revenue Service today released Notice 2019-59 announcing cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2020.…
IRS Announces 2020 HSA Contribution Limits, HDHP Minimum Deductibles and HDHP Maximum Out-of-Pocket AmountsMay 30, 2019 | Erwin Kratz
IRS has set 2020 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code

IRS Announces COLA Adjusted Retirement Plan Limitations for 2019November 1, 2018 | Erwin Kratz
The Internal Revenue Service today released Notice 2018-83 announcing cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019.…
IRS Announces 2019 HSA Contribution Limits, HDHP Minimum Deductibles and HDHP Maximum Out-of-Pocket AmountsMay 17, 2018 | Erwin Kratz
The IRS has announced 2019 HSA and HDHP limits as follows: Annual HSA contribution limitation. For calendar year 2019, the annual limitation on deductions for HSA contributions under § 223(b)(2)(A)…
IRS Grants Relief Raising the 2018 Annual HSA Contribution Limit for Family Coverage Back up to $6,900May 2, 2018 | Erwin Kratz
On April 26, 2018 the Internal Revenue Service issued Revenue Procedure 2018-27, which provides relief for 2018 for taxpayers with family coverage under a High Deductible Health Plan (HDHP) who…
IRS Revises 2018 Annual HSA Contribution Limit for Family Coverage to $6,850 (down from $6,900)March 16, 2018 | Erwin Kratz
The IRS has issued Rev. Proc. 2018-18, which revises the previously-published annual limitation on deductions under Code § 223(b)(2)(B) for 2018 for an individual with family coverage under a high…

IRS Announces 2018 COLA Adjusted Limits for Retirement PlansOctober 19, 2017 | Erwin Kratz
The IRS has released Notice 2017-64 announcing cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2018. Highlights Affecting Plan…
IRS Announces 2018 Inflation Adjusted Amounts for Health Savings Accounts (HSAs)May 12, 2017 | Erwin Kratz
The IRS has announced 2018 HSA limits as follows: Annual contribution limitation. For calendar year 2018, the annual limitation on deductions for HSA contributions under § 223(b)(2)(A) for an…

IRS Announces 2017 COLA Adjusted Limits for Retirement PlansOctober 31, 2016 | Erwin Kratz
The IRS has released Notice 2016-62 announcing cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017. Highlights Affecting Plan…
IRS Announces 2017 Inflation Adjusted Amounts for Health Savings Accounts (HSAs)May 5, 2016 | Erwin Kratz
The IRS has announced 2017 HSA limits as follows: Annual contribution limitation. For calendar year 2017, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only…

IRS Updated Plan Limits for 2016October 27, 2015 | Erwin Kratz
IRS has announced the retirement plan and employee benefits limits for 2016. Most of the limits are unchanged. The exception is the HSA Maximum Contribution for Family increased $100 to $6,750. Here…
IRS Updates Health Savings Account Limits for 2016May 8, 2015 | Erwin Kratz
The IRS has updated the Health Savings Account (HSA) limits for 2016: The annual limit on HSA contributions for individuals with self only coverage under a High Deductible Health Plan (HDHP) is $3,350…