How Much Can I Put in My HSA for 2018?

If you have a Health Savings Account (HSA) and are wondering about the contribution limits for 2018, you're in the right place. An HSA is a tax-advantaged account that allows individuals to save money for medical expenses. Here's all you need to know about how much you can contribute to your HSA for the year 2018.

The maximum contribution limits for HSAs in 2018 are as follows:

• For individuals: $3,450
• For families: $6,900
• Additional catch-up contribution for those aged 55 and older: $1,000

Contributions to your HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses. It's a great way to save for healthcare costs while enjoying tax benefits.

Keep in mind that these contribution limits are set by the IRS and are subject to change each year. It's important to stay updated on the current limits and make the most of your HSA benefits.

Wondering about how much you can contribute to your Health Savings Account (HSA) this year? You're not alone! Many individuals seek clarity on the contribution limits set by the IRS, especially since HSAs offer fantastic tax advantages.

For 2018, the maximum contribution limits are:
For individuals: $3,450
For families: $6,900
If you're 55 or older: You can contribute an additional $1,000 as a catch-up contribution!

This means that if you're planning for your healthcare needs, contributing to your HSA is a smart move as your savings grow tax-free!