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.
Yearly Savings Allowed in HSA Accounts Based on Annual Limit and Age You can save up to the maximum contribution limit of $3,400 for an individual HSA health plan and $6,750 for a family HSA health plan regardless of the HDHP deductible for 2017. These limits are also subject to annual cost-of-living adjustments.