Health Savings Accounts (HSAs) provide individuals with a tax-advantaged way to save for medical expenses. For the year 2019, the limits for HSA contributions are as follows:
- For individuals, the limit is $3,500
- For families, the limit is $7,000
It is important to note that these limits are subject to change, so it is always advisable to check the current limits each year.
Health Savings Accounts (HSAs) are a smart way to save for medical expenses while enjoying tax benefits. In 2019, the contribution limits for these accounts are:
- Individual contributions: $3,500
- Family contributions: $7,000
Remember, these amounts can change annually, so it's crucial to stay updated each year!
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