[NFBofSC] Fwd: IRS Releases 2021 Health Savings Account Limits

[memawluvs6 at gmail.com]

This is NOT Randy Shackelford.  His email is Fairforest75 at gmail.com. Please change Your email list 

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> On May 26, 2020, at 10:25 PM, Tiffiny Mitchell via NFBofSC <nfbofsc at nfbnet.org> wrote:
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> Tiffiny
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>> From: "Lawrence Carter" <yallowdogg at bellsouth.net>
>> Date: May 26, 2020 at 11:50:25 AM EDT
>> To: "Lawrence Carter" <yallowdogg at bellsouth.net>
>> Subject: FW: IRS Releases 2021 Health Savings Account Limits
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>> View in Browser
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>> IRS Announces 2021 HSA Contribution Limits 
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>> Important Health Savings Account (HSA) update! The IRS has officially released the maximum contribution HSA limits for 2021. These contributions increased to $3,600 for individuals and $7,200 for families—up $50 and $100, respectively, from 2020.
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>> Individuals ages 55 or older (not yet enrolled in Medicare) may also make a catch-up HSA contribution of up to $1,000 per person. This amount remains unchanged from last year’s catch-up limit.
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>> Here’s Why It Matters
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>> This update allows HSA account holders to set aside more tax-advantaged funds to save for long-term health care or retirement costs. On the flip side, they should also be cautious not to go over the IRS-mandated limits to avoid being taxed on any excess contributions.
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>> Learn more about this recent legislative update by visiting our recent blog post.
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>> READ MORE HERE
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