Never Mind: IRS Backtracks on $50 reduction of 2018 HSA Contribution Limit

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By: Vorys, Sater, Seymour and Pease LLP.

Less than two months after announcing a $50 reduction in the 2018 limit on HSA contributions for employees with family high deductible health plan coverage, the IRS backtracked and reinstated the original limit. The $50 reduction, announced March 2, 2018, was prompted by the Tax Cuts and Jobs Act which mandates a new method of calculating cost of living increases. Read more.

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