2024 2023 Change Annual HSA Contribution Limit (employer and employee) Self-only: $4,150 Family: $8,300 Self-only: $3,850 Family: $7,750 Self-only: +$300 Family: +$550 HSA catch-up contributions (employer and employee) $1000 $1000 No change Minimum Annual HDHP Deductible Self-only:...
Health Savings Accounts are tax-advantaged savings accounts explicitly for health care spending. Yearly HSA contributions are tax-deductible and grow tax-free. Withdrawals are also tax-free when you use the money for qualified medical expenses. In essence, a Health Savings Account is very similar ...
Consider an HSA:If you have a high-deductible health plan, consider contributing to a Health Savings Account (HSA). Contributions to an HSA are tax-deductible, and the funds can be used for qualified medical expenses. This can reduce your taxable income and potentially increase your refund. Re...