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IRS Releases 2020 Limits on HSA Contributions

May 29, 2019

In Rev. Proc. 2019-25, the U.S. Internal Revenue Service (IRS) announced the annual inflation-adjusted limits on deductions for contributions to a health savings account (HSA) allowed for taxpayers with family coverage under a high-deductible health plan (HDHP) for calendar year 2020.  For 2020, the annual limit on deductible contributions is $3,550 for individuals with self-only coverage under an HDHP (a $50 increase from 2019) and $7,100 for family coverage (a $100 increase from 2019). Read more at The Tax Adviser.