Chat with us, powered by LiveChat

Inflation Adjusted Limits and Thresholds

One of our authors, Paul Winn, recently sent me tax information.
The IRS recently sent notification of modified revisions of inflation-adjusted limits and thresholds to reflect the change in calculating inflation from the previous method to the Chained Consumer Price Index prescribed under the Tax Cuts and Jobs Act.  Here are some the changed items :

Limit

Original Inflation Adjustment

Revised Inflation Adjustment

HSA contribution limits for individuals with family HDHP coverage (other HSA limits are unaffected) $6,900 $6,850
Archer MSA

Self-only coverage out-of-pocket limit

Family coverage annual deductible

(other MSA limits are unaffected)

 

$4,600

$4,600

 

$4,550

$4,550

Adoption Assistance Exclusion and Adoption Credit

Phase-out begins at MAGI of

Completely phased out at MAGI of

$13,840

$207,580

$247,580

$13,810

$207,140

$247,180

Small Business Health Care Tax Credit

Phase-out begins at average annual wages

Phased out complete at average annual wages

 

$26,700

$53,400

 

$26,600

$53,400

Estate exclusion (for federal estate taxes) $11,200,000 $11,180

To check out our tax courses, click here.

One Response

  • Thank you for providing very informative CPEs. I have enjoyed your courses for years now. Yours is truly my go-to CPE sources.

    - Lily

  • Your ethics course was the most interesting and clear course I have taken. I usually dread the years it is required but this year was a pleasant surprise.

    - Terry

  • I wanted to compliment you on the Accounting Fraud – Recent Case Studies (AUCASEMC) course I just took. The ebook was fantastic! Concise, easy to understand, very well structured, and very interesting. Exactly the way I like it. Thank you for putting it together. I feel it took me enough time to be worth 2 CPEs, but it was fantastic nonetheless. Thank you.

    - Mark R.