When it comes to contributing to an HSA (Health Savings Account), it's essential to know the limits set by the IRS. In 2019, the maximum contribution allowed for individuals with self-only coverage is $3,500, and for those with family coverage, it is $7,000.
These contribution limits are subject to annual adjustments by the IRS. It's important to stay informed about any changes in the limits to make the most out of your HSA benefits.
In 2019, the IRS set the contribution limits for your HSA based on the type of coverage you have. If you are covered by a self-only plan, you can contribute a maximum of $3,500. For those with family coverage, the contribution limit rises significantly to $7,000.
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