How Much Can You Deposit Into an HSA Account for 2019?

If you are considering opening a Health Savings Account (HSA) for the year 2019, you must be wondering about the maximum contribution limits. The good news is that HSAs have certain annual contribution limits set by the IRS, allowing individuals to save specifically for medical expenses in a tax-advantaged way.

For 2019, the maximum contribution limits for an HSA are:

• $3,500 for individuals
• $7,000 for families
• Additional $1,000 catch-up contribution for those aged 55 and older

It's important to note that these limits include both your contributions and any contributions made by your employer. By understanding and utilizing these limits effectively, you can make the most out of your HSA benefits while managing your healthcare costs efficiently.

If you're thinking about opening a Health Savings Account (HSA) for 2019, it's crucial to familiarize yourself with the maximum contribution limits. These limits, established by the IRS, allow you to save for medical expenses while enjoying tax advantages.

For the year 2019, the contribution limits for HSAs are:

• $3,500 for individuals
• $7,000 for families
• Plus, an additional $1,000 catch-up contribution is available for those over the age of 55.

Keep in mind that these limits encompass all contributions made – whether by you or your employer. By strategically utilizing these maximums, you can significantly enhance your ability to manage healthcare costs effectively.