HSA contribution limits Every year, the Internal Revenue Service (IRS) sets the maximum that can be contributed to an HSA. For example, if your HSA contribution limit for the year is $4,300 (as it is in 2025) an
First, divide your contribution limit by 12 to get your monthly contribution limit.For individuals, it is $358.33 and for families $712.50 (both numbers represent the 2025 tax year; use the current tax year’s contribution limit when calculating for your situation). Remember, each month that y...
The contribution limits for HSAs vary depending on the type of coverage employees have. For self-only coverage, the contribution limit for 2024 is $4,150. For family coverage, the contribution limit is $8,300. These limits are subject to change each year, so it’s important to stay updat...
It must also limit yearly out-of-pocket expenses to $8,300 for self-only coverage and $16,600 for family coverage.4 Interested in working with an advisor? Work 1:1 with our advisors to help build a personalized financial strategy that’s built around you. Get started Expen...
2025 HSA contribution limit According to the 2025 HSA contribution rules, an employee can contribute up to $4,300 if they have self-only coverage under their HDHP. Or, they can contribute up to $8,550 if they have family coverage under an HDHP. ...
($300 increase over 2023) and $8,300 for those with family coverage. The family coverage increase is $550 compared to 2023 levels. In the past the HSA contribution limit has grown around $50/$100 per year, making these increases seem rather large. The $1,000 catch-up contribution for ...
Consider HSA Contribution Limits If you do decide to change your level of HSA contributions mid-year, you need to ensure that the change does not put you over theyearly contribution limit. For 2021, you can contribute up to $3,600 if you have an HSA that covers only yourself. If you ...
Many employers offer HSA matching contributions or seed money. Take full advantage of these programs – it’s basically free money. If your employer deposits quarterly matches, maintain qualifying contributions yearly to receive the full benefit. ...
Fortunately, there's a way around the 6% penalty if you go over the applicable contribution limit. You can avoid the additional tax if you withdraw (1) the excess contributions from your HSA by the due date (including extensions) of your federal income tax return for the year the...
But you must remain eligible for the HSA for the next 12 months, or else the contribution limit under the last-month rule is prorated, with the excess contribution subject to income tax along with a 10% penalty (unless you become disabled or die.)1 ...