Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Important Changes This Year

Standard and Itemized Deductions

Health Savings Accounts

Health Savings Account (HSA) Deduction

For 2018, the annual contribution limits on deductions for HSAs for individuals with self-only coverage is $3,450 (increase of $50) and $6,900 for family coverage (increase of $150). There is an additional contribution amount of $1,000 for taxpayers who are age 55 or older.