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The Tax Corner - May 2015

By Nancy Espinoza, Tax Manager IRS Announces 2016 HSA Limits The IRS has announced the 2016 contribution limits for high-deductible health savings account. For individuals with self-only coverage, the contribution limit will remain at $3,350. For family coverage under a high-deductible plan, the 2016 limit will increase to $6,750. For details, click here . U.S. Department of Labor Publishes List of Potential Credit Reduction States for 2015 In March 2015, the Department of Labor published the St...
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