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Those age 55 and older can make an additional $1,000 catch-up contribution. Add those figures up and a couple could save as much as $10,300 in their HSAs, if they maxed out their accounts and were ...
Catch-up contributions are also available for HSAs beginning at age 55, when you can contribute an additional $1,000. However, money withdrawn prior to age 65 that is used for non-qualified ...
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 IRAs: $1,000.
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. [20] For 2019, the contribution limit was $3,500 for single or $7,000 for married couples and families. [21] For 2020, the contribution limit is $3,550 for single or $7,100 for married couples and families. [22]
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
Maximizing HSA contributions now could offer some relief in later years when you’re on a fixed income. ... As with a 401(k), you’ll have a catch-up period as you near retirement age.
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