
The New Revenue Procedures (Rev. Proc. 2022-24)
The IRS has rolled out new revenue procedures (Rev. Proc. 2022-24) that cover the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs) as determined under section 223 of the Internal Revenue Code. Additionally, the maximum amount for a newly available excepted benefit HRA is covered in Rev. Proc. 2022-24. This amount is provided under section 54.9831-1(c)(3)(viii) of the Pension Excise Tax Regulations. In the new adjusted plan, all adjusted items will be as follows; HSA INFLATION-ADJUSTED ITEMS Annual contribution limitation: For the calendar year 2023, the annual limit on deductions under section 223(b)(2)(A) for an individual with self-only coverage under