How Much Can You Put into an HSA in 2019?

Health Savings Accounts (HSAs) are a great way to set aside money for medical expenses while also enjoying tax benefits. In 2019, the annual contribution limits for HSAs are as follows:

• For individuals: $3,500
• For families: $7,000

It's important to note that these limits include both your contributions and contributions made by your employer, if any.

Additionally, if you are 55 or older, you are eligible to make an additional catch-up contribution of $1,000 to your HSA.

Here are some key points to remember about HSA contributions in 2019:

• Contributions are tax-deductible
• Funds in the HSA grow tax-free
• Withdrawals for qualified medical expenses are tax-free
• Unused funds roll over year after year

Health Savings Accounts (HSAs) are fantastic tools for building a safety net for your medical expenses, all while providing you with significant tax advantages. In 2019, individuals can contribute up to $3,500 to their HSA, while families can set aside as much as $7,000. Don't forget, these amounts include any contributions made by employers as well!