What is the Maximum Pretax HSA Contribution for 2018?

Understanding your Health Savings Account (HSA) contribution limits is crucial for maximizing your tax savings. For the tax year 2018, individuals had the opportunity to contribute up to $3,450 to their HSA if they were enrolled in a High Deductible Health Plan (HDHP) for self-only coverage. If you had family coverage under an HDHP in 2018, the maximum pretax HSA contribution was $6,900.

Did you know that understanding your Health Savings Account (HSA) contribution limits can significantly impact your overall tax situation? For 2018, if you were enrolled in a High Deductible Health Plan (HDHP) covering just yourself, you could contribute up to $3,450 to your HSA. Families under HDHPs had an even greater advantage, with a maximum contribution of $6,900, allowing you to save more for medical expenses while reducing your taxable income.