Tax Tips for Tax Season: #4 IRS Sets 2013 Health Savings Account Limits

 

 

As a Bergen County CPA firm that provides Bergen County tax and accounting services we are happy to share helpful information this tax season. Check out our tax tip below:

The deductible limits for 2013 health savings account (HSA) contributions have been announced by the IRS. The limit for family coverage is $6,450. For individual coverage, the limit is $3,250. Individuals who are 55 or older are allowed to contribute an additional $1,000. Pretax contributions in HSAs can be withdrawn tax-free to pay unreimbursed medical expenses.

Our Bergen County CPA office offers you insight to this. We cater to Bergen County CPA tax preparation in New Jersey since we are a Bergen County accountant firm.  Please feel free to contact us if you need any further information about this  or any other tax or accounting matter, call  us at 201-947-8081 or 646-688-2807, or email us at info@bergencountycpa.com.

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