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August 03, 2011 at 08:00 PM
The number of health savings accounts (HSAs) – and the average amount of contributions per account – increased between 2008 and 2009.
The Internal Revenue Service (IRS) has included HSA data in a new report based on 2009 individual income tax return data.
The number of taxpayers reporting HSAs on their returns increased 13%, to 946,436, and the total amount of HSA contributions deducted increased 17%, to $2.6 billion.
Despite the effects of the Great Recession on workers’ employment levels, income levels and investment returns, the average amount of contributions per HSA increased 3.4% between 2008 and 2009, to $2,736.
