There actually are tax developments other than COVID-19 issues. The first set of inflation adjusted numbers have arrived for 2021.

The inflation adjusted numbers for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2021 have been released by the IRS in Revenue Procedure 2020-32.[1]

For 2021 the limits on contributions to an HSA will be:

• $3,600 for an individual with self-only coverage under an HDHP and

• $7,200 for an individual with family coverage under an HDHP.

For 2021 a high deductible health plan is defined as a health plan with an annual deductible that is not less than:

• $1,400 for self-only coverage or

• $2,800 for family coverage.

[1] Revenue Procedure 2020-32, May 20, 2021, https://www.irs.gov/pub/irs-drop/rp-20-32.pdf (retrieved May 21, 2020)