What’s New for 2019 Taxes?

The Annual cap on deductible contributions to HSA’s rises to $3500 for self-only coverage and $7,000 for family coverage. Qualifying policies must limit out of pocket costs for deductibles and copayments to $13,500 for family health plans and $6,750 for people with individual coverage. Minimum policy deductibles stay at $2,700 for families and $1,350 for individuals.