Tax Filing Deadline Monday

A couple of months ago, the Internal Revenue Service (IRS) announced a one-month postponement of the filing deadline for individual taxpayers to file their 2020 tax returns to May 17. That date is Monday, and taxpayers should be prepared to file their returns or an extension by the end of the business day. In addition,…

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IRS Lowers Family HSAs Limit

Our friends at SESCO Management Consultants advise us that the IRS has lowered the 2018 Family contribution limit on Health Savings Accounts (HSAs) to $6,850 from the previously announced limit of $6,900. The new lower contribution limit was recalculated to factor in the impact of the Tax Cuts and Jobs Act signed into law back…

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