The IRS has published an inflation adjustment increase to the maximum HSA contribution for 2020, and there will be in increase over the maximum HSA contribution for 2019. More specifically, both the individual and family contribution maximums will increase from 2019 to 2020, which is great news for savers. If you’ve been following along, you know that I have been a big fan of health savings accounts (HSA’s) over the last few years and fully max them out. Why? HSA’s are like IRA’s on steroids (tax-free steroids at that). They offer users pre-tax contributions, tax-free...
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[Read the rest of the story at 20somethingfinance.com]