main content
National Academy of Sciences
National Academy of Sciences National Academy of Engineering National Academy of Medicine
Plan Your Will
The Online Wills Planner is designed to help you gather the information your attorney will need to plan for your future.
More
Free Wills Guide
Are you ready to plan your will or trust? We would like to give you a FREE Wills Guide.
More
E-newsletter Sign Up
Please click here to register for our weekly eNewsletter.
Sign-up
Text Resize

Sunday April 22, 2018

Bills / Cases / IRS

Rev. Proc. 2012-26; 2012-20 IRB 1

Part III

Administrative, Procedural, and Miscellaneous

26 CFR 601.602: Tax forms and instructions.

(Also: Part 1, §§ 1, 223.)

SECTION 1. PURPOSE


This revenue procedure provides the 2013 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code.

SECTION 2. 2013 INFLATION ADJUSTED ITEMS


Annual contribution limitation. For calendar year 2013, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $3,250. For calendar year 2013, the annual limitation on deductions under § 223(b)(2)(B) for an individual with family coverage under a high deductible health plan is $6,450.

High deductible health plan. For calendar year 2013, a "high deductible health plan" is defined under § 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,250 for self-only coverage or $2,500 for family coverage, and the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $6,250 for self-only coverage or $12,500 for family coverage.

SECTION 3. EFFECTIVE DATE


This revenue procedure is effective for calendar year 2013.

SECTION 4. DRAFTING INFORMATION


The principal author of this revenue procedure is Bill Ruane of Office of Associate Chief Counsel (Income Tax & Accounting). For further information regarding § 223 and HSAs, contact Leslie Paul at (202) 622-6080 (not a toll free call). For further information regarding the calculation of the inflation adjustments in this revenue procedure, contact Mr. Ruane at (202) 622-4920 (not a toll free call).


Previous Articles

Estate Tax Paid on QTIP Remainder Gift Tax

Façade Easement Charitable Deduction Denied

FLP Assets Included in Estate

Automatic Exemption Revocation for Non-Filing: Frequently Asked Questions

REG-144267-11

scriptsknown