Deductions & credits

The article is quite specific ... no 2018 HSA contributions should be made until this is resolved ...

Emergency legislation is expected to be introduced in the upcoming General Assembly session, which convenes on Jan. 10. If this legislation is passed in the 2018 session, there is still a strong possibility it will NOT BE retroactive to Jan. 1, 2018.

Based on the current circumstances, it is fairly certain there will be no resolution to this issue by Jan. 1. Therefore, until a fix is made, CPAs will need to advise their clients that HDHPs do not exist in Maryland as of Jan. 1, 2018 and that HSA contributions made before the issue is resolved are in danger of being disallowed and potentially subject to penalty.