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One item that didn’t change for 2025 is the catch-up amount for those ages 55 and older. For this group, you can contribute an additional $1,000. What is an HSA and its benefits?
The catch-up contribution limit, for those 50 or older, is holding steady at $7,500. ... limit for individuals 50 and over stays at $1,000 for 2025. ... new 2025 annual limit for a health savings ...
The catch-up contribution limit for those over 50 remains at $7,500 for 2025, giving you a total limit of $31,000 next year. The limits apply to pre-tax, traditional retirement plans and after-tax ...
A taxpayer can generally make contributions to a health savings account for a given tax year until the deadline for filing the individual's income tax returns for that year, which is typically April 15. [25] All contributions to a health savings account from both the employer and the employee count toward the annual maximum.
HSA contribution limits for 2024-2025. ... Those age 55 and older can make an additional $1,000 catch-up contribution. ... The IRS allows those who are enrolled in an eligible health care plan to ...
Estimated HSAs to be approximately 9.8 million by January 31, 2025, up from 8.7 million a year earlier. Estimated HSA Assets to be approximately $31 billion, up from $25.2 billion at the end of fiscal year 2024, with approximately $17 billion of HSA Cash. Invested balances included in the estimated assets are subject to market fluctuation.
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 2025, the IRS raised the contribution limits to $4,300 for individuals and $8,550 for families. If you’re 55 or older, you can contribute an additional $1,000 as a catch-up.