When Congress changed the method of computing most inflation adjustments by moving to the chained CPI calculation as part of the Tax Cuts and Jobs Act signed into law in December of 2017, virtually all of the inflation adjusted numbers for 2018 had already been published and some actions had been taken in reliance on those numbers. When those numbers changed, that put some taxpayers in a tough position.
Specifically, the IRS announced in Revenue Procedure 2018-18 that the maximum contribution to a health savings account for an individual with family coverage would be reduced by $50, to $6,850 rather than the $6,900 limit originally provided for in Revenue Procedure 2017-37 that was issued in May of 2017. In response to numerous complaints about this change announced after 2018 had already begun, the IRS in Revenue Procedure 2018-27 announced that the agency would continue to treat $6,900 as the maximum contribution for an individual with family coverage.
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