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Attention Benefit Professionals: HSA Limit Increases for 2018

02 May 2018 12:58 PM | Elaine Ruh (Administrator)

If you’ve been following along, you’ll know that in March the IRS recalculated the family maximum contribution for HSAs as a result of the tax reform bill.  Although the limit had been communicated prior to January 1st to be $6,900, as a result of the calculation, the limit was dropped $50 to $6,850 for 2018 tax year.  See SHRM’s article from March 6, 2018: https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/irs-lowers-2018-family-hsa-contribution-limit.aspx

However, on April 26, the IRS changed its mind.  See Rev. Proc. 2018-27.  Essentially IRS said it didn’t realize what a nightmare changing the limit $50 would cause and decided to avoid administrative hassle, it would allow the maximum family contribution to remain at $6,900 for the 2018 tax year.  Happy contributing! 


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