The IRS has released the 2020 inflation adjusted amounts for Health Savings Accounts (HSAs). The new amounts are effective for the 2020 calendar year.

Source: Internal Revenue Bulletin: 2019-22

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This information is provided as a courtesy, may change and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney or Advisor.