IR-2018-107, April 26, 2018
WASHIGTON – The Internal Revenue Service today announced relief for taxpayers with family coverage under a High Deductible Health Plan (HDHP) who contribute to a Health Savings Account (HSA). For 2018, taxpayers with family coverage under an HDHP may treat $6,900 as the maximum deductible HSA contribution.
A change in the inflation adjustment calculations for 2018 under the Tax Cuts and Jobs Act, reduced the maximum deductible HSA contribution for taxpayers with family coverage under an HDHP by $50, to $6,850.
Revenue Procedure 2018-27 announces this relief for affected taxpayers and allows the $6,900 limitation to remain in effect for 2018. The $6,900 annual limitation was originally published in Revenue Procedure 2017-37.
For the second time this year, the IRS has made an adjustment to the annual contribution limit to an HSA for families. It is now back to $6,900 (this reverses the March 5, 2018 ruling that reduced the original $6,900 limit for 2018 to $6,850).
Only over $50 as well. I guess $50 does add up across all the American’s maximizing this benefit.