How much can you put in your HSA in 2018?

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. If you're considering opening an HSA or want to maximize your contributions, you may be wondering how much you can put in your HSA for the year 2018.

In 2018, individuals with self-only coverage under a high-deductible health plan can contribute up to $3,450, while those with family coverage can contribute up to $6,900. If you are 55 or older, you can make an additional catch-up contribution of $1,000.

It's important to keep in mind that these contribution limits are set by the IRS and may be subject to change in future years. Here are some key points to remember about HSA contributions in 2018:

• Self-only coverage: $3,450
• Family coverage: $6,900
• Catch-up contribution for 55 and older: $1,000

By contributing the maximum amount to your HSA, you can take full advantage of the tax benefits and save for future medical expenses.

Health Savings Accounts (HSAs) offer not only a fantastic way to save for medical expenses but also provide impressive tax advantages. If you're pondering about the contribution limits for the year 2018, you're in the right place.

In 2018, those with self-only coverage under a high-deductible health plan can contribute a maximum of $3,450, while families can contribute up to $6,900. If you're 55 or older, ladies and gentlemen, you get to enjoy an extra catch-up contribution of $1,000, boosting your savings even further!

Keep in mind that it’s crucial to stay updated on these limits, as the IRS periodically adjusts them, which might impact your financial planning. Here’s the summary for the 2018 contribution limits:

• Self-only coverage: $3,450
• Family coverage: $6,900
• Catch-up contribution for 55 and older: $1,000

Maximizing your contributions means you're not just saving for today but investing in your health for tomorrow. Make the most of your HSA and feel secure in your medical expense planning!