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Nov 22, 2024
IRS Adjusts HSA Amounts
In a recent revenue procedure, the IRS announced changes to health savings accounts for 2025. Now is a good time to look at your situation and consider your options. Click through for a review of the changes.
In Rev. Proc. 2024-25, the IRS made changes for health savings accounts for 2025. The maximum annual HSA contribution is:
- $4,300 for an eligible individual with self-only coverage.
- $8,550 for family coverage.
HSAs are used in conjunction with a High Deductible Health Plan. The 2025 maximum annual out-of-pocket amount for HDHP self-only coverage is $8,300. For HDHP family coverage it's $16,600.
For HSA-compatible HDHPs, the 2025 minimum deductible amounts are:
- $1,650 for self-only coverage.
- $3,300 for family coverage.
For the full details, see the IRS revenue procedure.
©2024
MORE RECENT NEWS…
Jun 04, 2026
Interviewing in the Age of AI
Interviewing candidates for jobs is more complicated today than it once was. Artificial intelligence, social media screening, online interviews and traditional in-person meetings all now coexist in the hiring process. For both employers and candidates, staying current is essential. Read through for guidance on adapting interview practices to today's realities.
Jun 03, 2026
Exempt vs. Nonexempt Employees: Understanding the Differences
The Fair Labor Standards Act, enforced by the U.S. Department of Labor, establishes exempt and nonexempt categories for employees. These categories determine how to handle minimum wage, overtime pay, benefits and certain recordkeeping requirements. Read through to learn more about correctly applying these categories.
Jun 02, 2026
Understanding the Difference Between Employees and Contractors
When your business hires individuals, you must determine whether those workers are employees or independent contractors. This classification affects how you pay workers, what taxes you must withhold and remit, and which employment laws apply. Read through to understand the technical distinctions that guide worker classification.
Jun 01, 2026
Do Your Employees Keep Asking for Cash Advances?
Employees keep knocking on your door, needing a cash advance. You want to help them but it’s a huge headache. Read through to learn about a payroll add-on to help you and your employees.
More News & Press can be found in our Archive.
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Pottstown, Pennsylvania 19464
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