Because of the significant tax advantages of HSAs, the IRS sets annual HSA contributions limits. Contributions can be made until the tax filing deadline (without extension) of the prior tax year (April of next year for all expenses this year). HSA eligibility rules apply.
HSA contribution limits for 2018
- Individual plan $3,450
- Family plan $6,900
HSA contribution limits for 2019
- Individual plan $3,500
- Family plan $7,000
Each year, individuals age 55 and older can contribute an extra $1,000.