IRS Releases 2025 HSA Contribution Limits
On May 24, 2024, the Internal Revenue Service (IRS) announced new revenue procedures regarding Health Savings Accounts (HSA) contribution limits for 2025. Specifically, Revenue Procedure 2024-25 provides inflation-adjusted limits for HSAs and the maximum amount newly available for excepted benefit health reimbursement arrangements (HRAs). These changes are effective for the calendar year 2025 and apply […]
The Adoption Tax Credit: Money Back for Growing Families
Adopting a child is a wonderful way to grow your family, but it can also be an expensive process. Between legal, medical, and court expenses, plus related travel and accommodations, adoption costs in the United States can easily exceed $45,000. Fortunately, the adoption tax credit can help alleviate some of these financial burdens by offering […]
