What is the max amount you can put in a HSA for 2018?

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. For the year 2018, the maximum amount an individual can contribute to their HSA is $3,450 for self-only coverage and $6,900 for family coverage.

Here are some key points to know about HSA contributions for 2018:

• The HSA contribution limits are set by the IRS each year and are subject to change.
• Individuals aged 55 and older can make an additional 'catch-up' contribution of $1,000 to their HSA.
• Contributions to an HSA are tax-deductible, meaning you can lower your taxable income by contributing to your HSA.
• Funds in an HSA can be invested and grow tax-free, and withdrawals for qualified medical expenses are also tax-free.

Did you know that Health Savings Accounts (HSAs) not only help you save for medical expenses, but they also come with significant tax advantages? For 2018, individuals with self-only coverage can contribute up to $3,450, while those with family coverage can contribute as much as $6,900. These contribution limits can really help cushion those unexpected medical costs!