Latest Alerts
- Colorado Adopts Final Rules to Implement the State’s Privacy Act
(posted: 04/03/2023)The CPA Imposes Requirements On Organizations That Conduct Business In Colorado On March...
- Idaho Extends Unemployment Benefits to Military Spouses and Domestic Violence Victims
(posted: 03/30/2023)The Amendments Provide Some Flexibility To The General Eligibility Criteria On March 21, 2023,...
- Virginia Prohibits Using Social Security Numbers on Employee Badges
(posted: 03/30/2023)Employers Cannot Use Social Security Numbers As Employee Identification Numbers or Include Them...
IRS Decreases 2018 HSA Contribution Limit for Certain Individuals
posted: Tuesday, March 6th
Contribution Limit for Individuals with HDHP Family Coverage Drops by $50
The Internal Revenue Service (IRS) has announced that the 2018 annual limitation on health savings account (HSA) contributions by individuals with family coverage under a high deductible health plan (HDHP) is now $6,850. This limit was previously announced as $6,900, but has been revised downward due to an inflation adjustment provision in the Tax Cuts and Jobs Act. The 2018 annual limitation on HSA contributions by an individual with self-only coverage under a HDHP remains unchanged at $3,450.
Click here to read the IRS announcement.