IRS Corrects Recent HSA Guidance.
Announcement 2004-67; 2004-2 C.B. 459
- Institutional AuthorsInternal Revenue Service
- Cross-ReferenceFor Notice 2004-2, 2004-2 C.B. 269, see Doc 2003-26905 or
- Code Sections
- Subject Areas/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2004-17756
- Tax Analysts Electronic Citation2004 TNT 173-6
Announcement 2004-67
PURPOSE
This document contains corrections to A-14 in Notice 2004-2, 2004-2 C.B. 269, relating to Health Savings Accounts. As published, A-14 of the notice contains errors that may prove to be misleading and are in need of clarification.
CORRECTIONS
The last sentence in A-14 of Notice 2004-2 which currently reads, "After an individual has attained age 65 (the Medicare eligibility age), contributions, including catch-up contributions, cannot be made to an individual's HSA", is corrected to read as follows: "After an individual has attained age 65 and becomes enrolled in Medicare benefits, contributions, including catch-up contributions, cannot be made to an individual's HSA." Additionally, the terms "becomes eligible for" in the first sentence of the Example in A-14 of Notice 2004-2 are replaced by "becomes enrolled in".
FOR FURTHER INFORMATION
CONTACT:
Shoshanna Tanner at (202) 622-6080 (not a toll-free number).
- Institutional AuthorsInternal Revenue Service
- Cross-ReferenceFor Notice 2004-2, 2004-2 C.B. 269, see Doc 2003-26905 or
- Code Sections
- Subject Areas/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2004-17756
- Tax Analysts Electronic Citation2004 TNT 173-6