IRS Releases 2025 Inflation Adjustments for HSAs, HRAs
Rev. Proc. 2024-25 announces the maximum calendar year 2025 inflation adjusted amount for health savings account contributions, the annual deductible floor for high deductible health plans, and the maximum amount for an excepted benefit health reimbursement arrangement. HSAs. The annual HSA contribution limits for calendar year 2025 will be: Self-only coverage: $4,300 Family coverage: $8,550 […]
IRS Adds Additional Protections to CAF, TDS
Identity theft and refund fraud remains an ongoing concern among taxpayers and tax professionals. With that, the IRS has added additional protections for tax professionals to increase security for the Centralized Authorization File (CAF) program and placed new guidelines on requesting client transcripts by phone. There is risk that fraudsters could use a compromised CAF […]