How Much Can I Put in My HSA Per Year?

One of the common questions people have regarding their Health Savings Account (HSA) is, 'how much can I put in my HSA per year?' It's important to understand the contribution limits set by the IRS to maximize the benefits of your HSA while staying compliant with regulations.

For 2021, the annual contribution limits for HSAs are as follows:

• Individual coverage: $3,600
• Family coverage: $7,200

These limits are set by the IRS and may be adjusted annually for inflation. It's essential to stay informed about any changes to maximize your HSA savings.

When considering contributions to your HSA (Health Savings Account), it's important to know the maximum limits set by the IRS. For the year 2021, individuals with self-only HDHP (High Deductible Health Plan) coverage can deposit up to $3,600 into their HSA, while families can contribute a maximum of $7,200. These limits may fluctuate every year, so always check for the latest numbers.