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Confused About the 2018 HSA Contribution Limits?

By October 1, 2019January 9th, 2020Uncategorized

The IRS recently announced a clarification in a ruling it made regarding Health Savings Accounts (or HSAs). The contribution limit will stay with the original $6,900 limit for family coverage for 2018.

Previously, the IRS had announced that the limit would be reduced for this calendar year to $6,850. That may not seem like a big deal, but people who had already contributed were going to face a penalty. Yes, a small penalty, but it still raised quite a few questions.

The IRS has responded by going back to the limit of $6,900 for 2018.

Read more: find the source here.