IRS changes HSA contribution limits for 2nd time. Now back to $6900

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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.

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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 more information about the Tax Cuts and Jobs Act enacted in Dec. 2017, visit the Tax Reform page on IRS.gov.

www.irs.gov/newsroom/irs-grants-relief-for-taxpayers-affected-by-reduction-of-maximum-deductible-health-savings-account-contributions

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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).

www.forbes.com/sites/ashleaebeling/2018/04/26/irs-announces-second-switcheroo-for-2018-health-savings-account-contribution-limits/#2f0493301301

Only over $50 as well. I guess $50 does add up across all the American’s maximizing this benefit.

AC

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