Blog Posts tagged with Health Savings Accounts

The IRS Reverses Action on 2018 HSA Maximum Contribution

April 27, 2018

UPDATE: The IRS announced on April 26, 2018 that the contribution limit for Health Savings Accounts (HSAs) linked to family coverage will remain at $6,900 for 2018. Employers should communicate this change to impacted employees and make the appropriate adjustments to payroll contributions. 

This reverses the agency's previous announcement that the limit would be reduced to $6,850. The IRS determined that implementing the $50 reduction would impose numerous unanticipated administrative headaches and financial burdens on taxpayers, employers and other stakeholders. 

There is no change to the annual tax deductible limit for individual-only coverage under an HSA ($3,450), and flexible spending accounts (FSAs) for health care, commuter and other benefit limits are not affected.

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