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For an individual with self-only coverage under an HDHP, the annual contribution limitation is $4,300. This is an increase from the limit in 2024 of $4,150. For an individual with family coverage ...
IRA contribution limits will not increase in 2025; they remain at $7,000. If you’re over 50, you qualify for an additional $1,000 catch-up, giving you a total contribution of $8,000 in 2024 or 2025.
The new 2025 annual limit for individuals will be $4,300, up from $4,150. For family coverage, the HSA contribution limit rises to $8,550 from $8,300 this year.
The annual limit was $2,500 for the first plan year beginning after December 31, 2012. [10] The Internal Revenue Service will index subsequent plan years' limits for cost-of-living adjustments. [10] For 2018, this adjustment increases the contribution limit to $2650. [11] Employers have the option to limit their employees' annual elections further.
A family health care plan must have a minimum annual deductible of $3,300 ($3,200 in 2024) and an annual out-of-pocket limit of at least $16,600 ($16,100 in 2024). In addition, you’ll also need ...
For 2025, you can contribute up to $23,500 to your 401(k) with additional $7,500 in catch-up contributions if you're age 50 or older. The 2024 limit for IRAs is $7,000 for those under age 50 and ...
You have until Tax Day—April 15, 2025—to hit the maximum annual threshold of $7,000, or $8,000 if you’re over 50. 5. Optimize tax deductions and employer benefits
The limit on annual contributions to an IRA remains $7,000. The IRA catch‑up contribution limit for individuals aged 50 also stayed at $1,000 for 2025, after a cost-of-living adjustment, the IRS ...