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In 2023, the maximum HSA contribution is $3,850 for individuals and $7,750 for families. In 2024, the maximum contributions increase to $4,150 for individuals and $8,300 for families.
You and your employer can contribute to your HSA. The IRS sets an HSA contribution limit for individuals and families. 2024 Contribution Limits. HSA members can contribute up the annual maximum ...
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]
For 2024, self-only HSAs will rise to a contribution limit of $4,150 (up from $3,850 in 2023) and family HSAs will rise to $8,300 (up from $7,750), according to the Alegeus website.
The 2025 contribution limit for an HSA is $4,300 for individuals and $8,550 for families. Individuals who are 55 or older can contribute an additional $1,000. Read more: HSA contribution limits ...
The average combined HSA contribution was $927 less than the statutory maximum for individual coverage and $4,527 less than the maximum for family coverage, according to the report.
This means that your HSA can essentially function similarly to 401(k) plans or IRAs. You’ll get tax deductions for contributions and the money will be able to grow tax-free until you reach ...
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