Hsa Contribution Limits 2024 Tax Deduction

Hsa Contribution Limits 2024 Tax Deduction. For 2024 tax purposes, an hdhp is a health plan with an annual deductible of at least $1,600 for single coverage or not lower than $3,200 for family coverage. The 2023 contribution limits for individuals grew more than 5% from the prior year, and they grew more than 6% for families.

If you’re 55 years or older,. The family contribution amount for 2024 rose to $8,300, a $550 increase compared with 2023.