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HSA’s are such great tools to not only help cover the cost of medical expenses, but also build tax-free wealth! Anytime there is an account that allows such great benefits, the government puts limitations on how much can be contributed to such accounts.
For 2023, the contribution limits for HSA’a are $3,850 (for singles) and $7,750 (for families). And, if you are 55 years or older, you can add on an additional $1,000 to those numbers.
Going into 2024, the limits will increase to $4,150 (for singles) and $8,300 (for families).
Make sure to check the link in bio to watch the full Youtube video diving into HSA’s!
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HSA Contribution Limits for 2023 and 2024
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