How Much Can I Contribute to HSA If Married Couple?

When it comes to contributing to a Health Savings Account (HSA) as a married couple, there are specific rules and limits that you need to be aware of. HSAs offer a tax-advantaged way to save for qualified medical expenses, and understanding the contribution limits can help you maximize the benefits of this account.

For the current tax year 2021, if both you and your spouse are eligible to contribute to an HSA and are on the same high-deductible health insurance plan, the total annual contribution limit for the married couple is $7,200. This amount is a combined limit for both spouses and is subject to change annually based on inflation adjustments.

It's important to note that if either spouse has an additional individual HSA, the total contribution limit for both HSAs cannot exceed the maximum annual limit set by the IRS. In 2021, the maximum annual contribution limit for an individual HSA is $3,600.

When planning contributions to your Health Savings Account (HSA) as a married couple, it’s crucial to recognize the IRS guidelines and annual limits that govern these investments. HSAs are a fantastic way to save for qualified medical costs tax-free, which makes understanding these limits essential for maximizing your savings.