How Much Money Can You Put in a HSA?

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. One common question people have is, 'how much money can you put in a HSA?'

When it comes to contributing to your HSA, there are annual limits set by the IRS. For 2021, the maximum contribution limits are $3,600 for individuals and $7,200 for families.

These contribution limits can change from year to year, so it's essential to stay informed about the current limits. Additionally, 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 contributions to your HSA can be made by you, your employer, or both. If your employer contributes to your HSA, those contributions count towards the annual limit.

Health Savings Accounts (HSAs) offer a fantastic opportunity to save for your healthcare costs while benefiting from tax breaks. One question that often arises is, 'how much can I really contribute to my HSA each year?'