What is the Maximum Contribution to HSA?

If you're looking to save for healthcare expenses tax-free, a Health Savings Account (HSA) can be a great option. One common question people have is, what is the maximum contribution to an HSA?

The IRS sets limits on the amount you can contribute to your HSA each year. For 2021, the maximum contribution for an individual is $3,600, and for a family, it's $7,200. If you are 55 or older, you can make an additional catch-up contribution of $1,000.

It's important to note that these contribution limits can change from year to year, so be sure to check with the IRS for the most up-to-date information. Contributing the maximum amount to your HSA can help you maximize your tax savings and ensure you have funds available for medical expenses when you need them.

Are you aware that Health Savings Accounts (HSAs) can provide great benefits when it comes to paying for medical bills? If you're wondering about the maximum contribution to an HSA, you're not alone!