How Much Can You Contribute to an HSA in 2018?

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. If you are considering opening an HSA, you might be wondering how much you can contribute to it in 2018.

For 2018, the maximum contribution limit for an HSA is $3,450 for individuals and $6,900 for families. If you are 55 or older, you can make an additional catch-up contribution of $1,000 per year.

It's important to note that these contribution limits are set by the IRS and can change annually. It's always a good idea to stay informed about any updates or changes to HSA contribution limits.

Health Savings Accounts (HSAs) are an excellent tool for individuals looking to save on health-related costs while benefiting from significant tax advantages. When planning your contributions for 2018, it’s essential to know the limits that the IRS has set.

In 2018, individuals can contribute up to $3,450, while families have a higher limit of $6,900. If you are aged 55 and above, you can also make an extra catch-up contribution of $1,000, increasing your savings for future medical expenses.