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Here are the contribution limits for HSAs in 2024 and other key HSA eligibility requirements. ... Those age 55 and older can make an additional $1,000 catch-up contribution.
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 IRA catch‑up contribution limit for individuals aged 50 and over was amended under the Secure 2.0 Act of 2022 to include an annual cost‑of‑living adjustment but remains $1,000 for 2024 ...
A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). [1][2] The funds contributed to an account are not subject to federal income tax at the time of deposit. [3] Unlike a flexible spending account (FSA), HSA funds roll ...
The maximum contribution limits policy holders may make to their HSA in 2024 are $4,150 (individual) and $8,300 (family) [15] with a $1,000 catch-up contribution for people age 55 or older. [ 24 ] Emerging issues
In 2024, the contribution limits for HSAs are $4,150 for individuals and $8,300 for families, with an additional $1,000 catch-up contribution for those 55 and older.
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Family plan limit (2022): $7,300. Catch-up contributions are also allowed for savers aged 50 and older. The catch-up contribution limit for HSAs is the same as the catch-up contribution limit for ...