IRS announces family contribution changes for HSAs

Today, the IRS 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. The catch-up contribution limit for those age 55 or older, remains at $1,000.

To read the full Internal Revenue Bulletin (IRB) 2018-10, click here.

Contact us at (888) 214-2909 if you have questions about the new HSA family contribution limit.