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The HSA contribution limits for 2024 are $4,150 for self-only coverage and $8,300 for family coverage. Those 55 and older can contribute an additional $1,000 as a catch-up contribution. The HSA contribution limits for 2025 are $4,300 for self-only coverage and $8,550 for family coverage.
Your employer can make contributions to your HSA from January 1, 2024, through April 15, 2024, that are allocated to 2023. Your employer must notify you and the trustee of your HSA that the contribution is for 2023. The contribution will be reported on your 2024 Form W-2, Wage and Tax Statement.
Health savings account (HSA) contribution limits for 2023 are going up significantly in response to the recent inflation surge, the IRS announced April 29, giving employers that sponsor...
HSA Contribution Limits in 2023 and 2024. This is the maximum you can contribute to your HSA in 2023 and 2024. By Christy Bieber – Updated Feb 5, 2024 at 3:57PM. Key Points. You can contribute up...
HSA contribution limits for 2023 are $3,850 for singles and $7,750 for families. HSA contribution limits for 2024 are $4,150 for singles and $8,300 for families. As a tax-saving, money-saving vehicle, HSAs can’t be beat. To qualify for an HSA, you must have a high-deductible health plan.
Health savings accounts, or HSAs, have higher contribution limits in 2023 and 2024, allowing you to save more for your healthcare expenses if you’re using a high-deductible healthcare plan.
If you have self-only coverage, you can contribute up to $4,150 ($3,850 for 2023). If you have family coverage, you can contribute up to $8,300 ($7,750 for 2023). If you are age 55 or older,...
For 2023, the maximum HSA contribution limit is $3,850 for an individual, up from $3,650 in 2022. You can contribute up to $7,750 to a family HSA for 2023, up from $7,300 in 2022. TARIK KIZILKAYA/E+ via Getty Images. Health savings accounts (HSAs) have grown in popularity over the last decade.
HSA Contribution Limits. Your contributions to an HSA are limited each year. For 2023, you can contribute up to $3,850 if you have self-only coverage or up to $7,750 for family coverage.
How much should you contribute to your HSA? Because HSAs come with several tax benefits that could save you money, you may want to consider contributing as much as you can to your HSA. There are a few different ways to approach this.