Exclusions. The entire $50,000 you give isn't vulnerable to taxation. The IRS allows exclusions, a dollar limit you can give away tax-free. As of the 2012 tax year, the exclusion amount is $13,000 for each person you make a gift to.If you're married, you can double that: you and your spouse are each entitled to give away $13,000 per person.f your generosity qualifies as a gift with the IRS, you'll have to pay taxes twice on the amount that exceeds the exclusion: once in income tax, then again for the federal gift tax. The 2012 federal gift tax rate is 35 percent.
The IRS has released the inflation-adjusted limits for HSAs and HDHPs for 2018. These limits include: (1) the maximum HSA contribution limit; (2) the minimum deductible amount for HDHPs; and (3) the maximum out-of-pocket expense limit for HDHPs. The IRS limits for HSA contributions and HDHP cost-sharing will all increase for 2018. This Compliance Bulletin shows the new limits for 2018 (as compared to the 2017 limits).
For 2008, the contribution limits. are: $2900 for single coverage and $5800 for. family coverage. If you enroll in an HSA based on the IRS. eligibility regulations anytime between January. 1 and December 1 of the current tax year, you. are allowed to make the full contribution.