Use this information as a reference, but please visit irs.gov for the latest updates. The irs announced one of the most significant increases to the maximum health savings account contribution limits for 2024.
Just as the name implies, a health savings account (hsa) is a financial account designed to help you save for qualified health care expenses. But each year, the irs sets limits on how much you can contribute.
And Not Just Any Hdhp Is Hsa Qualified.
Annual hsa contribution limits for 2024 are increasing in one of the biggest jumps in recent years, the irs announced may 16:
The Table Below Summarizes Those Adjustments And Other Applicable Limits.
Your contribution limit increases by $1,000 if youโre 55 or older.
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Health Savings Account (Hsa) Irs Limits
The new 2024 hsa contribution limit is $4,150 if you are singleโa 7.8% increase from the maximum contribution limit of $3,850 in 2023.
Irs Releases Health Savings Account Limits For 2025.
The irs recently announced a significant increase in hsa contribution limits for 2024.