Tag: healthcare
IRS adjusts HSA deduction limits for 2017
The IRS has issued inflation-adjusted deduction limits for health savings accounts next year. For calendar year 2017, the annual limitation on deductions for an individual with self-only coverage under a high-deductible health plan is $3,400. The annual limitation on deductions...
IRS sets limits for HSA deductions for 2016
The Internal Revenue Service has released the inflation-adjusted deduction limitations for annual contributions to health savings accounts in 2016. Revenue Procedure 2015-30 provides the 2016 inflation-adjusted HSA deduction limits, which are updated annually to reflect cost-of-living adjustments. For calendar year 2016,...
IRS website explains tax provisions of the health care law; provides guide to online resources
In July, we told you that large employers could take more time implementing the new "Obamacare" health insurance changes. Now, the IRS has launched a new Affordable Care Act Tax Provisions website at IRS.gov/aca to educate individuals and businesses on...
ACA Healthcare Compliance Deadline for Large Employers Extended
Employers with more than 50 employees who have struggled to understand their responsibilities under the Affordable Care Act (ACA) can breathe a sigh of relief: the Obama Administration announced recently it has delayed until 2015 the requirement that large employers...