Legal Alert: IRS Provides Guidance On HSA Contributions

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The IRS recently issued two notices affecting Health Savings Accounts (HSAs): Notice 2008-51 provides procedures for carrying out a qualified HSA funding distribution from certain types of IRA accounts; Notice 2008-52 replaces the old HSA maximum contribution limit rules with new rules.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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