The IRS has published Internal Revenue Bulletin (IRB) 2018-10 that contains Revenue Procedure (Rev. Proc.) 2018-19.
Effective for calendar year 2018, the family contribution limit for HSAs has been lowered to $6,850 from the previously set amount of $6,900.
This new limit comes as a result of the tax reform law that changed the annual inflation adjustment factor from the Consumer Price Index (CPI) to the ‘chained CPI’. This adjustment has been anticipated to slow the rate of changes in all programs under the tax code, including HSAs.
Questions? Contact us today: 855.890.7239 | email@example.com