♠ Posted by Marc J. Soss in
2018 has rates,
elder planning,
federal income tax return,
Federal tax law changes,
florida business law,
Florida LLC,
health care planning,
health savings account,
Sarasota Tax Lawyer at Thursday, May 11, 2017
The IRS has issued Revenue Procedure 2017-37 which contains the annual inflation-adjusted contribution, deductible and out-of-pocket expense limits for health savings accounts (HSAs) in 2018. Annual contribution limitations, deductibles and out of pocket expenses for 2018 increased in all categories from 2017:
Limitation on deductions for an individual with self-only coverage under a High Deductible Health Plan (HDHP) to $3,450
Limitation on deductions for an individual with family coverage under an HDHP to $6,900
Annual deductible for self-only coverage that is not less than $1,350
Annual deductible for family coverage that is not less than $2,700
Annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) for self-only coverage - do not exceed $6,650
Annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) for family coverage - do not exceed $13,300
