According to the IRS, the maximum contribution that can be made next year to an HSA linked to a high-deductible plan will be:
• $3,350 for single coverage
• $6,750 for employees with family coverage
However, maximum out-of-pocket expenses will increase in 2016 for both.
Maximum out-of-pocket employee expense, including deductibles, will be:
• $6,550 for single coverage
• $13,100 for family coverage.
For 2016, a high-deductible health plan is defined
The Internal Revenue Service recently issued guidance clarifying the impact a 2014 IRA rollover has on the one-per-year limit imposed on tax-free rollovers between IRAs.
The clarification relates to a change, announced earlier this year, in the way the statutory one-per-year limit applies to rollovers between IRAs. The change in the application of the one-per-year limit precludes an individual from making more than one tax-free rollover in any one-year period, even if the