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IRS releases HSA limits for 2021

BerniePortal

The IRS has released the 2021 cost-of-living adjusted limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs).

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2022 Contribution Limits Announced For FSA and Commuter

Benefit Resource Inc.

The IRS released the 2022 contribution limits for Mass Transit, Parking, Medical FSA, and Adoption Assistance in Revenue Procedure 2021-45. The limits are effective for plan years that begin on or after January 1, 2022. 2022 CONTRIBUTION LIMIT: MASS TRANSIT AND PARKING. 2022 CONTRIBUTION LIMIT: MEDICAL FSA.

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June HR Update

Higginbotham

The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). 1, 2021, and before Oct. Form 720 and full payment of the PCORI fees are due by July 31 of each year, and generally covers plan years that end during the preceding calendar year. 1, 2023 technically ended on Dec. May 2022 July 31, 2023 $2.79

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IRS Announces HSA Limits for 2022

AssuredPartners

Each year around this time the IRS announces the inflation-adjusted limits for Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs), as they are required to do so annually prior to June 1st. On May 10, 2021, the IRS released Revenue Procedure 2021-25.

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Annual Limits on Qualified Plans for 2022

Benefits Notes

Updated November 18, 2021. On November 4, 2021, the Internal Revenue Service (IRS) released Notice 2021-61 , which sets forth the 2022 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. The 2021 limits are provided for reference.

401(k) 40
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What’s In and What’s Out: Review of Expiring Legislative Relief and Looking Ahead to 2022

Benefit Resource Inc.

New Limits to FSAs, HSAs, Commuter Benefits for 2022. The IRS sets the annual limits for many benefits based on inflation factors. The IRS recently released the inflation limits for several fringe benefits. Limits for Health Savings Accounts (HSAs) were released earlier this year.

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2021 limits now out for commuter, FSA

Benefit Resource Inc.

The IRS released the 2021 limits for Mass Transit, Parking, Medical FSA and Adoption Assistance in Revenue Procedure 2020-45. The limits are effective for plan years that begin on/or after January 1, 2021. There were no changes to limits for the commuter accounts or medical flexible spending account.