HSA Dollar While the annual tax-deductible HSA contribution limit for 2018 will remain at $3,450 for HSA account holders with self-only coverage, it has been lowered to $6,850 for account holders with family coverage. (Photo: Shutterstock)

Thanks to the Tax Cuts and Jobs Act, the 2018 contribution limit for family coverage in a health savings account will be $6,850—not $6,900, as previously announced by the IRS.

The Society for Human Resource Management reports that the IRS has recalculated the limit because the tax law applies the so-called chained consumer price index to increases in HSA contribution limits, as well as to a few other employee benefit contribution limits.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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