How Much Can I Contribute to a HSA Account in 2018?

If you are considering a Health Savings Account (HSA) in 2018, you may be wondering about the contribution limits allowed for this type of account. Understanding how much you can contribute is crucial for maximizing your savings and tax benefits. In 2018, the maximum contribution limits for a HSA account are:

• $3,450 for individuals
• $6,900 for families
• Individuals age 55 or older can contribute an additional $1,000 as a catch-up contribution

These limits are set by the IRS and are subject to change each year. It's important to stay informed about any updates to ensure you are making the most of your HSA account.

As you explore the benefits of a Health Savings Account (HSA) in 2018, understanding the contribution limits is essential. For the year 2018, individuals can contribute up to $3,450 to their HSA accounts, while families are allowed to contribute a maximum of $6,900. Additionally, for those who are 55 years of age or older, there is a special catch-up contribution of $1,000 available. Staying informed about these limits can significantly impact your ability to save and reduce your taxable income.