When can I contribute to an HSA 2023?

You generally have until the tax filing deadline to contribute to an HSA. This means for tax year 2023, you can make contributions up until April 15, 2024. What Are The New 2024 HSA Contribution Limits? Health Savings Account contribution limits have increased for 2024.

What is the 2024 HSA contribution limit?

The new 2024 HSA contribution limit is $4,150 if you are single—a 7.8% increase from the maximum contribution limit of $3,850 in 2023. The 2024 HSA contribution limit for families is $8,300, a 7.1% increase from the 2023 limit of $7,750. For HSA users aged 55 and older, you can contribute an extra $1,000 to your HSAs.

Are you eligible for an HSA in 2024?

A Health Savings Account, often called an HSA, allows you to pay for some medical expenses with tax-free money. As you can imagine, there are limits to how much you can contribute each year and how to spend the money saved in your HSA. There is good news if you are eligible for an HSA. The contribution limits are increasing for 2024.