2025 HSA contribution limits The HSA contribution limits for 2025 are $4,300 for self-only coverage and $8,550 for family coverage. Those 55 and older can contribute an additional $1,000 as a catch-up contribution. HSA eligibility To contribute to an HSA, you must be enrolled in an HSA...
Health savings accounts, or HSAs, have higher contribution limits in 2024, allowing you to save more for healthcare expenses if you’re using a high-deductible healthcare plan. AnHSAprovides you with key tax advantages, including the potential for a triple tax benefit: tax-free contributions, ...
The IRS sets limits each year formaximum contributions to an HSA. The maximum contribution limits in 2024 are $4,150 for individual coverage and $8,300 for family coverage. The maximum contribution limits for 2023 are $3,850 for individuals and $7,750 for families. If you are 55 or olde...
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. For 2022, the limits are $3,650 and $7,300, respectively. Since the inflation rate has...
HSA contribution limits The IRS places an annual limit on how much you can deposit in an HSA. In 2023, the limit is $3,850 for individual filers and $7,750 for families, inclusive of any employer contributions. In 2024, the limit is $4,150 for single filers and $8,300 for families...
2025 HSA Contribution Limits How much money can you set aside for future healthcare spending with an HSA? The maximum annual contribution depends on whether you are on an individual or family plan. In 2024, individuals can contribute $4,300 and families can contribute $8,550. If you’re 55...
HSA Annual Limits §223 YearSingle CoverageFamily Coverage MinimumHDHPDeductibleMaximumContribution Limits(age 55+)Maximum Out of Pocket CostsMinimumHDHPDeductibleMaximumContribution Limits(age 55+)Maximum Out of Pocket Costs 2025 $1,650 $4,300$5,300 $8,300 $3,300 $8,550$9,550 $16,600 2024...
Employees can also carry money over from an Archer MSA to an HSA. Rollover money can be in addition to the contribution limits. Need an easier way to manage yourpayroll? Patriot’s onlinepayroll softwareoffers a simple way to withhold taxes, benefits, and other deductions from employee wages....
2023 High-Deductible Health Plan Rules Individuals Families Minimum Deductible $1,500 $3,000 Out-of-Pocket Maximum* (includes deductibles, co-payments, co-insurance) $7,500 $15,000 *Note that the out-of-pocket maximum is also designated by the plan. It can include deductibles, co-payments...
HSA contributions are tax-deductible until you enroll in Medicare. Enrollment for Medicare begins at age 65, which may allow you plenty of time to max out annual HSA contributions, depending on your current age.3 How much can you save in an HSA? The contribution limits are adjusted annually ...