IRS announces relief for 2018 HSA family contributions

The IRS announced on Thursday, April 26, that it is modifying the annual limitation on 2018 HSA family contributions. Under Rev. Proc. 2018-27, taxpayers will be allowed to treat $6,900 as the annual limitation for 2018, instead of the $6,850 limitation announced by the IRS earlier this year.

The recalculation comes as taxpayers, employers and payroll administrators complained that the change would be costly and difficult to implement. 

Simply put: For 2018, the maximum contribution for an individual with family coverage is $6,900.

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