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IRS will increase Health Savings Account limits in 2020

The Internal Revenue Service announced a new, higher contribution limits for health savings accounts for 2020. Health savings accounts come with a triple tax benefits; you put money in on a tax free basis (usually through salary deferrals), it builds up tax free (you can invest it), and it comes out tax free to cover out-of-pocket healthcare expenses.  To read further on how HSAs will save you money, click here…

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