The Payroll Factory, Inc. June 2024 Newsletter
Welcome to The Payroll Factory June 2024 Newsletter. Summer is upon us and already the IRS has
come out with 2025 HSA Contribution Limits.
For self only plans, the 2025 contribution goes to $4300
from the 2024 contribution of $4150. Those individuals who are 55 and over by
the end of the year, there is a catch up of $1000.
For family plans, the 2025 contribution goes to $8550 from
the 2024 contribution of $8330.
This is a great time for your clients to encourage their
employees to review their federal withholding allowances as we approach the
halfway point of 2024. Employees can
verify their federal withholding amounts and make changes if any to your
clients and the payroll processors they utilize.
Please feel free this newsletter to your associates and clients. As always “whatever it takes,” I look forward to working with you, your associates and above all your clients.
Thank you very much and have a great day.
Sincerely,
Steve Sabel
Senior Account Relationship Manager
The Payroll Factory
18 East Lancaster Avenue
Malvern, Pennsylvania 19355
267-907-4179 cell
steve@prfusa.com
www.thepayrollfactory.com
