In this case the taxpayer, a doctorsâ office, displayed various pieces of art in its offices, claimed depreciation on said artwork, which the IRS disallowed. At trial the IRS argued that the works of art did not have a useful life, based on Revenue Ruling 68-232.
A reduction in HAPU incidence by just 1 percentage point (3.5% to 2.5%) results in potential savings of $1,305,000 per year. Calculate your own potential savings below.
This research shows that while HSAs can be used to save for health care expenses in retirement, the maximum savings. that can be accumulated in an HSA will be far from sufficient to fully cover the savings needed in retirement for. insurance premiums and out-of-pocket expenses. One of the difficulties in using an HSA to save money for premiums and out-of-pocket expenses during retirement is. that contributions to the HSA are limited by law; and as a result, the savings needed for retiree health care far exceed. the savings potential of an HSA.