What is the maximum contribution made for a family into an HSA account in 2014?

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2014 HSA contribution limits for families

Health Savings Accounts (HSAs) are a great way to save for medical expenses while reducing your taxable income. In 2014, the maximum contribution limit for a family into an HSA account was $6,550.

Health Savings Accounts (HSAs) are an incredible tool that allows you to set aside money for medical expenses while also providing significant tax benefits. In 2014, families could contribute up to $6,550 to their HSA accounts.

2014 HSA contribution rules and benefits

Here are some key points about HSA contributions in 2014:

• The maximum contribution for individuals was $3,300.
• If you were over the age of 55, you could make an additional catch-up contribution of $1,000.
• 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 used to pay for qualified medical expenses tax-free.