Hsa Contribution Limits 2021 Individual

Here are the 2020 and 2021 hsa contribution limits.

Hsa contribution limits 2021 individual. The irs announced an increase in health savings account hsa contribution limits for the 2021 tax year. For family coverage the numbers are minimum 2 800 in annual deductible and no more than 14 000 in annual out of pocket expenses. An individual with coverage under a qualifying high deductible health plan deductible not less than 1 400 can contribute up to 3 600 up 50 from 2020 for the year to their hsa.

For 2021 hsa eligible account holders are allowed to contribute 3 600 for individual coverage and 7 200 for family coverage. What is the hsa contribution limit in 2021. The 2020 hsa contribution limit for an individual is 3 600.

For 2021 an hdhp with individual coverage must have at least 1 400 in annual deductible and no more than 7 000 in annual out of pocket expenses. The irs announced the 2021 hsa contribution limits. Read more for more specifics on how hsa qualifications will change in 2021.

They maintain a number of variables chief among them an individual limit a family limit and an age 55 addiitional catch up contribution limit. For a family plan the limit is 7 200. Here are the 2019 and 2020 hsa contribution limits.

7 200 for a family plan up from 7 100 in 2020. If your employer puts 2 000 into your hsa and you have self only coverage you would be allowed to contribute only 1 600 before hitting the 2021 contribution limit. If you meet these requirements the annual contribution limit for 2021 will be.

Here is what you need to know about the hsa contribution limits for the 2021 calendar year. Because of covid 19 the irs extended the tax filing deadline to july 15 2020. The irs announced higher hsa limits for the 2021 tax year which means opportunity to save even more.