The 2023 annual tax-free contribution limits for health savings accounts are to rise by $200 for self-only coverage and $450 for family coverage, the Internal Revenue Service said April 29.
The annual limit on deductions for an individual with self-only coverage under a high-deductible health plan is to be $3,850, up from $3,650, the IRS said in Revenue Procedure 2022-24.
The annual limitation on deductions for an individual with family coverage under a high-deductible health plan is to be $7,750, up from $7,300.
A high-deductible health plan for 2023 would be defined as having an annual deductible of at ...
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