The Internal Revenue Service has reversed itself and is allowing taxpayers to use $6,900 as the Health Savings Account (HSA) maximum family contribution for 2018 rather than the updated $6,850 amount it set forth on March 5, 2018.
The IRS originally set the inflation-adjusted limit for contributions to an HSA under a high deductible health plan (HDHP) to $6,900 on May 4, 2017. However, the passage of the Tax Reform Bill late last year led to a recalculation of the limit based on inflation adjustments modified in the bill.
In response to the March 5 announcement of the revised $6,850 maximum, stakeholders reached out to the Treasury Department and IRS with several concerns:
If there’s another announcement next month, we’ll let you know!
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