IRS Releases 2019 Tax Limits

Posted byNAHUPosted inUncategorized

The IRS has provided tax inflation adjustments for tax year 2019:

  • The dollar limit on employee salary reduction contributions to health FSAs will be $2,700 (up from $2,650 in 2018).
  • The maximum amount of payments and reimbursements under a QSEHRA will be $5,150 for self-only coverage and $10,450 for family coverage (up from $5,050 and $10,250 for 2018).
  • HSA-compatible high-deductible health plans:
    • The annual deductible for self-only coverage must not be less than $1,350 for self only and $2,700 for family (no changes from 2018).
    • The out-of-pocket maximum is $6,750 for self-only and $13,500 for family.
    • The annual contribution limit is $3,500 for self-only and $7,000 for family.

Source: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2019

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