IRS Update

IRS ANNOUNCES UPDATE TO HSA LIMIT FOR FAMILY COVERAGE

Late in the day on April 26, 2018, the IRS released Revenue Procedure 2018-27, which allows participants in a Health Savings Account to consider $6,900 (rather than the previously announced decrease to $6,850) as the maximum limit for those with Family coverage for 2018.

The previously announced reduction to the Adoption Assistance Limit will remain in place and the limit will still be considered $13,810 for 2018.

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