What Amount Can be Put in an HSA in 2018?

When it comes to contributing to your HSA in 2018, there are limits you need to be aware of. For individuals, the maximum amount that can be put in an HSA in 2018 is $3,450, while for families, the limit is $6,900. If you are 55 or older, you have the option to make an additional catch-up contribution of $1,000.

Contributions to an HSA are tax-deductible, meaning they can help lower your taxable income for the year. This makes HSAs a great way to save for healthcare expenses while reaping some tax benefits along the way.

It's important to note that HSA contribution limits can change from year to year, so it's essential to stay updated on the current limits to ensure you are maximizing your HSA savings potential.

In 2018, contributing to your Health Savings Account (HSA) is a smart financial move. For individuals, the contribution limit is set at $3,450, while families can contribute up to $6,900. Additionally, if you are over 55, you can take advantage of a catch-up contribution of $1,000, allowing you to save even more for future healthcare costs.