Share on LinkedInShare on LinkedIn

ARTICLE · 08 JUNE 2018

Revised 2018 Employee Benefit Plan And Transportation Limits

On May 4, 2017, the Internal Revenue Service ("IRS") announced the 2018 inflation-adjusted amounts for Health Savings Account ("HSA") contributions that included a family coverage limit of $6,900.

United StatesEmployment and HR

On May 4, 2017, the Internal Revenue Service ("IRS") announced the 2018 inflation-adjusted amounts for Health Savings Account ("HSA") contributions that included a family coverage limit of $6,900. On March 5, 2018, the IRS reduced the 2018 contribution limit for family coverage from $6,900 to $6,850. This reduction was due to a provision in the Tax Cuts and Jobs Act.

However, the IRS retracted that change on April 26, 2018 due to unanticipated administrative and financial burdens. The revised HSA contribution for family coverage will be $6,900 for 2018.

Retirement Plan Limits

Notable 2018 annual retirement plan limitations, as compared to 2017, are as follows:

2018

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from