Pacun Posted May 17 Report Share Posted May 17 "Taxpayers with a high deductible health plan can deduct up to $4,300 ($8,550 for family coverage)." Why not double the solo coverage amount to $8,600 for family? 1 Quote Link to comment Share on other sites More sharing options...
BrewOne Posted May 17 Report Share Posted May 17 must be tied to inflation and the way the numbers are rounded off. 2 Quote Link to comment Share on other sites More sharing options...
jklcpa Posted May 17 Report Share Posted May 17 1 hour ago, BrewOne said: must be tied to inflation and the way the numbers are rounded off. How can that be though? The amounts for 2024 are exactly double at $4,150/$8,300, so applying the same inflation percentage should result in the amount for 2025 family being exactly double that of single coverage if what you say is true. Something else must be factored in because the amounts for 2023 weren't exactly double either. The 2023 amounts were $3,850/$7,750. 1 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted May 17 Report Share Posted May 17 But you need to know the formula for calculating. They usually involve accumulating inflation amounts until they reach a certain threshold, before an increase is allowed. So prior year calculated amounts that weren't enough are added to the current year calculation, if they didn't reach that threshold in the prior year(s). 3 Quote Link to comment Share on other sites More sharing options...
kathyc2 Posted May 17 Report Share Posted May 17 It's rounded to nearest $50. 2 Quote Link to comment Share on other sites More sharing options...
jklcpa Posted May 18 Report Share Posted May 18 22 hours ago, kathyc2 said: It's rounded to nearest $50. Of course, it seems so obvious now. Thanks for explaining, Kathy. Quote Link to comment Share on other sites More sharing options...
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