What is the Maximum Deductible Contribution for an HSA?

Health Savings Accounts (HSAs) are a fantastic way to save for medical expenses while enjoying tax benefits. One of the key questions people have about HSAs is what the maximum deductible contribution is.

For individuals in 2021, the maximum deductible contribution for an HSA is $3,600, and for families, it is $7,200.

It's important to note that these contribution limits can change from year to year, so staying informed about the current limits is crucial for maximizing your HSA benefits.

Contributions to an HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses. This triple tax advantage makes HSAs a powerful tool for managing healthcare costs.

Health Savings Accounts (HSAs) offer a unique and effective way to save for future medical expenses, all while providing significant tax advantages. For those planning their contributions, knowing the maximum deductible limits is essential. In 2021, individuals can contribute up to $3,600, while families can contribute as much as $7,200. This allows you to stack away savings for healthcare costs that may arise.