Sec. 8008. Temporary increase in contribution limits for health savings accounts
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/bill/116/hr/14/ih/section-8008A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 223(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: In the case of any month during a taxable year which begins after December 31, 2019, and before January 1, 2022, the dollar amount in effect under subparagraph
(A)or
(B)of paragraph
(2)for such month shall be twice the amount otherwise applicable under such subparagraph, as determined— before application of paragraph (3), after application of subsection (g), and without regard to this paragraph. . The amendment made by this section shall apply with respect to taxable years beginning after December 31, 2019.