What is the IRS limit for HSA accounts?
The annual limit on HSA contributions will be $3,600 for self-only and $7,200 for family coverage.
What was the maximum HSA contribution for 2016?
The maximum annual HSA contribution based on your HDHP coverage (self-only or family) on the first day of the last month of your tax year. If you had family HDHP coverage on the first day of the last month of your tax year, your contribu- tion limit for 2016 is $6,750 even if you changed coverage during the year.
What are the HSA limits for 2019?
The 2019 HSA contribution level maximum will be $3,500 for individual coverage, and $7,000 for family coverage. The new limits increase the pre-tax amounts individuals and families may contribute to their HSA over 2018 limits by $50 and $100, respectively.
What was the maximum HSA contribution for 2017?
IRS Sets 2017 HSA Contribution Limits
| Contribution and Out-of-Pocket Limits for Health Savings Accounts and High-Deductible Health Plans | ||
|---|---|---|
| For 2017 | For 2016 | |
| HSA contribution limit (employer + employee) | Self-only: $3,400 Family: $6,750 | Self-only: $3,350 Family: $6,750 |
| HSA catch-up contributions (age 55 or older)* | $1,000 | $1,000 |
Can both spouses contribute HSA catch-up?
As long as you have a family health insurance policy, both spouses can open a separate HSA and contribute their own $1,000 catch-up contribution. You can split up the $6,750 in regular contributions however you’d like between the two accounts.
What was the maximum HSA contribution for 2018?
HSAs have tax-free contribution limits that may vary by year and restrictions on eligibility; the 2018 HSA contribution limits have risen $50 for individuals and $150 for families in the past year. The 2018 HSA contribution limits is $3,450 for an individual and $6,900 for a family.
How much can a married couple over 55 contribute to an HSA in 2021?
For those 55 years and older, the 2021 HSA catch up contribution limit remains the same at $1,000. With a catch-up contribution, people who have self-only coverage can contribute up to $4,600 in 2021; those who have family coverage can contribute a maximum of $8,200.