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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 annual maximum contribution for an HSA (with pre-tax dollars) in 2024 is $4,150 for an individual and $8,300 for a family. If you’re 55 or older, you can take advantage of an extra $1,000 ...
A catch-up provision also applies for plan participants who are age 55 or over, allowing the IRS limit to be increased. This "catch up" contribution limit was set to $500 for 2004, increasing $100 each year until it reached a maximum of $1,000 in 2009.
The maximum contribution limits policy holders may make to their HSA in 2024 are $4,150 (individual) and $8,300 (family) with a $1,000 catch-up contribution for people age 55 or older. Emerging issues
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.
Total contributions to a participant’s account, not counting catch-up contributions for those age 50 and over, cannot exceed $69,000 for 2024. There is a catch-up contribution of an extra $7,500 ...
In 2024, these limits jump to $8,050 and $16,100, respectively. ... If you have an HSA through your employer, you can set up automatic contributions to the account from your paycheck.