♠ Posted by Marc J. Soss in 2019 HSA limits,federal income tax planning,federal tax planning,health savings account,HSA 2019
On May 10, 2018, the IRS released Revenue Procedure 2018-30 which sets forth the dollar limitations for health savings accounts (HSAs) in 2019. HSAs are subject to annual aggregate contribution limits and participants age fifty-five (55) or older can contribute additional catch-up contributions. In 2019, the maximum contribution amount will increase to $3,500 for an individual and $7,000 for a family. The catch-up contribution limit remains at $1,000.