Rivero CPA

IRS Grants Relief for Taxpayers Affected by Reduction of Maximum Deductible HSA Contributions

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Louri Rivero Borr, Rivero CPA, LLC
4069d8938333a415d164__DSC7535__1_of_1_.jpg
The IRS recently announced relief for taxpayers with family coverage under a High Deductible Health Plan (HDHP) who contribute to a Health Savings Account (HSA).
 
For 2018, taxpayers with family coverage under an HDHP may treat $6,900 as the maximum deductible HSA contribution.
 
The annual amount had been reduced to $6,850 for 2018 under the Tax Cuts and Jobs Act.
 
The $6,900 limitation will remain in effect for 2018.
 

Louri Rivero Borr is a CPA licensed in both NJ and NY, with over 25 years of experience. The firm can provide you with unparalleled accounting services, provide tax services and advice, and perform audits, reviews or compilations.

Our clients, businesses and individuals, can expect us to cater to their unique needs. As member of QuickBooks Professional Adviser program, we can help you with your accounting software needs. You will receive personal attention and expert service from start to finish. Our mission is to focus on your current needs and future requirements.

Call 908-935-0181 for an appointment. Visit our website at www.riverocpa.com.

The opinions expressed herein are the writer's alone, and do not reflect the opinions of TAPinto.net or anyone who works for TAPinto.net. TAPinto.net is not responsible for the accuracy of any of the information supplied by the writer.

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