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The maximum annual contribution room for each year prior to 2013 was $5,000 per year. Beginning in 2013 it was increased to $5,500 per year. [8] The $5,500 annual contribution limit was indexed to the consumer price index (CPI), in $500 increments, in order to account for inflation. [9]
For family coverage, the HSA contribution limit rises to $8,550 from $8,300 this year. ... In 2025, you’ll pay the tax on work income up to $176,100 (up from $168,600 in 2024). Earnings above ...
Here are the contribution limits for HSAs in 2024 and 2025, along with other key HSA eligibility requirements. ... ($8,050 in 2024). A family health care plan must have a minimum annual deductible ...
For example, say you contributed $3,000 by Dec. 31, 2024, but you want to max out the contributions limit. You’ll have until April 15, 2025, to finalize your contributions. Make Up the Difference
This "catch up" contribution limit was set to $500 for 2004, increasing $100 each year until it reached a maximum of $1,000 in 2009. [20] For 2019, the contribution limit was $3,500 for single or $7,000 for married couples and families. [21] For 2020, the contribution limit is $3,550 for single or $7,100 for married couples and families. [22]
Starting in 2025, taxpayers ages 60 and 63 years old can qualify for catch-up contributions on 401(k) as high as $11,250 — or 50% more than the normal catch-up contribution limit.
For example, here’s a look at the maximum contribution limits for IRAs and 401(k) plans for both 2023 and 2024: ... Here are the catch-up contribution amounts for 2023 and 2024: 401(k) plans ...
Contribution limit changes. ... In 2024, the maximum individual contribution was $23,000, but that's jumping up to $23,500 in 2025. This means you can invest more next year.