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Benefits & ERISA Law
: Pension Protection Act BlogAnnual Limitation on Deductions for Health Savings Accounts for 2010
By Suzanne Wynn
Today, the IRS released Revenue Procedure 2009-29 containing the inflation adjusted amounts for Heath Savings Accounts (HSAs) as determined under Code section 223 for 2010. For calendar year 2010, the annual limitation on deductions under Code section 223(b)(2)(A) is $3,050 for an individual with self-only coverage under a high deductible health plan. For an individual with family coverage under a high deductible health plan, the annual limitation on deductions under Code section 23(b)(2)(B) for calendar year 2010 is $6,150.
pension protection act, ppa, health savings account, HSA, ERISA
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Tweet ThisFull post as published by Pension Protection Act Blog on May 15, 2009 (boomark / email).
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