News Alert: IRS extends deadline for contributing to HSAs
Published on March 24th, 2020
As a follow-up to IRS Notice 2020-18, the IRS today confirmed that contributions to health savings accounts (HSAs) will be accepted up to the new filing deadline of July 15, 2020. The IRS states that contributions to an HSA may be made at any time during the year or by the due date for filing that year’s tax returns. This applies to the new federal income tax filing deadline for 2020, which was first announced this past weekend in response to the COVID-19 crisis.
For more details on this and other questions related to the filing and payment deadline, visit the FAQ page published by the IRS.
Where can I get my COVID-related regulatory/compliance questions answered?
Watch a replay of our recent webinar, COVID-19: Ask the Regulatory/Compliance Expert, featuring attorney Jason Lacey. We cover a number of topics related to COVID-19 and consumer-directed healthcare – from eligibility of COVID-19 expenses to the possibility of extending runout deadlines.