September and October 2014 Tax Filing Reminders – 2015 HSA Limits

Tax filing reminder

Tax filing reminders

  • September 15 – Third quarter installment of 2014 individual estimated income tax is due.
  • September 15 – Filing deadline for 2013 tax returns for calendar-year corporations that
    received an automatic extension of the March 17 filing deadline.

  • September 15– Filing deadline for 2013 partnership tax returns that received an extension of
    the April 15 filing deadline.

  • October 1 – Generally, the deadline for businesses to adopt a SIMPLE retirement plan for
    2014.

  • October 15 – Deadline for filing 2013 individual tax returns on extension.

IRS publishes 2015 HSA contribution limits

The IRS has announced the inflation-adjusted contribution limits for health savings accounts (HSAs) for 2015. HSAs allow taxpayers with high-deductible health insurance plans to set aside pretax dollars that can be withdrawn tax-free to pay unreimbursed medical expenses.

The 2015 contribution limit for individuals is $3,350; the limit for family coverage is $6,650. A catch-up contribution of an additional $1,000 is permitted for individuals who are 55 or older.

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