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2017 Inflation Adjustments for Health Savings Accounts Released (Rev. Proc. 2016-28)

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The IRS has released the 2017 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2017, the annual limitation on deductions under Code Sec. 223(b)(2) for an individual with self-only coverage under a high-deductible plan is $3,400 ($6,750 for an individual with family coverage). A “high-deductible [...]


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