In March of this year, the IRS released a statement deciding to reduce the annual maximum HSAcontribution to $6,850.
This new statement revokes this change and re-instates the previous number to $6,900.
As a result of this new directive, we are advising clients to inform employees that the $50 they were forced to remove earlier this year as a result of the previous IRS decision may be put back in without penalty.
Additional details are provided on the IRS website at this link.
