29 November 2018
29 November 2018,
 0

Key tax inflation adjustments released by the IRS for 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 Qualified Small Employer Health Reimbursement Arrangement (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.

 

 

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

Source: https://nahucomplianceblog.wordpress.com/2018/11/20/irs-releases-2019-tax-limits/

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