What is the Maximum Deductible Contribution for an HSA for 2018?

Health Savings Accounts (HSAs) are a valuable tool for individuals to save money for medical expenses while enjoying tax benefits. For the year 2018, the maximum deductible contribution for an HSA depends on whether you have self-only or family coverage. Here's the breakdown:

• For self-only coverage, the maximum deductible contribution for 2018 was $3,450.
• For family coverage, the maximum deductible contribution for 2018 was $6,900.

It's important to note that these contribution limits are subject to change each year, so it's essential to stay informed about any updates or changes.

Health Savings Accounts (HSAs) are a fantastic way for individuals to set aside money for health-related expenses while reaping tax benefits. For those looking back to 2018, the maximum deductible contribution limits varied based on your coverage type. Specifically, individuals with self-only coverage were allowed to contribute a maximum of $3,450, while those with family coverage could contribute up to $6,900.