Can You Add Post Tax Dollars to HSA?

Yes, you can add post tax dollars to an HSA (Health Savings Account). When you contribute money to an HSA, it can be done with pre-tax dollars through your employer's plan or with post-tax dollars if you contribute on your own. Adding post-tax dollars to your HSA is a great way to save for medical expenses while still getting tax benefits.

It is important to keep track of your contributions, as the IRS has annual contribution limits for HSAs. For 2021, the limit is $3,600 for individuals and $7,200 for families. If you are 55 or older, you can also make catch-up contributions of up to $1,000.

Absolutely! You can indeed add post-tax dollars to your Health Savings Account (HSA). This option allows you to contribute additional funds even if your employer does not provide pre-tax payroll deductions. Using post-tax dollars can still deliver significant tax benefits when it comes to withdrawals for qualified medical expenses.