2018 HSA Family Contribution Limit Reduced

(March 5, 2018) The IRS has announced, in Revenue Procedure 2018-18, that the maximum 2018 HSA contribution for an individual with family coverage under a high deductible health plan has been reduced from $6,900 to $6,850 (or, for those eligible for catch-up contributions, from $7,900 to $7,850). The recent pronouncement, which supersedes the 2018 HSA family contribution limit previously published by the IRS in Revenue Procedure 2017-37, is the result of a provision in the year-end Tax Cuts and Jobs Act of 2017 that causes cost-of-living adjustments (COLAs) to rise more slowly beginning January 1, 2018. The maximum 2018 HSA contribution for an individual with self-only coverage remains unchanged at $3,450 ($4,450 if eligible for a catch-up contribution).

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