News

Great news! The IRS has re-established $6,900 as the 2018 Health Savings Account (HSA) maximum contribution limit for individuals with family coverage under a high deductible health plan (HDHP). This limit was previously announced as $6,900 in May 2017, but was revised to $6,850 in March 2018 due to an inflation adjustment provision in the Tax Cuts and Jobs Act. The 2018 HSA contribution limit for individuals with self-only coverage remains unchanged at $3,450.

Per the IRS

The Treasury Department and the IRS have determined that it is in the best interest of sound and efficient tax administration to allow taxpayers to treat the $6,900 annual limitation, originally published in Rev. Proc. 2017-37, as the 2018 inflation adjusted limitation on HSA contributions for eligible individuals with family coverage under an HDHP.

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