Health Savings Accounts (HSAs) are a valuable tool for saving and paying for medical expenses while enjoying tax benefits. In 2019, the maximum HSA contribution for a single person is $3,500.
Contributing the maximum amount to your HSA can help you save on taxes and build a financial cushion for future healthcare needs.
It's important to note that individuals aged 55 and older can make an additional catch-up contribution of $1,000, bringing their total maximum contribution to $4,500 for 2019.
Health Savings Accounts (HSAs) offer individuals a tax-advantaged way to save for medical expenses. For the year 2019, the maximum contribution limit for a single person is set at $3,500. This is a great opportunity to save money while keeping your healthcare costs manageable.
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