How Much Income Do You Have to Make to Contribute to a HSA in 2018?

When it comes to contributing to a Health Savings Account (HSA) in 2018, there are specific income thresholds that individuals need to meet in order to be eligible. The IRS sets these limits each year, and they are based on the type of health insurance coverage you have.

For 2018, if you have self-only coverage, you need to have a minimum income of $3,350 to contribute to an HSA. If you have family coverage, the minimum income required is $6,750. These income thresholds are applicable to individuals under 55 years of age.

It's important to note that these income limits are adjusted annually by the IRS, so it's essential to stay informed about any changes that may affect your HSA eligibility.

Understanding the minimum income thresholds for contributing to a Health Savings Account (HSA) in 2018 is crucial for maximizing your healthcare savings. For those with self-only coverage, the requirement is $3,350, while those with family coverage must meet a higher threshold of $6,750, ensuring more extensive coverage options.