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About Publication 969Internal Revenue Service IRS Gov Form
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People also ask
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Can you change HSA contribution at any time?
If you own an HSA, you can change your contribution amount at any time during the plan year, subject to the annual limit. (Annual contribution limits are set by the IRS each year.) However, your annual limit will change if you switch mid-plan-year from individual HDHP coverage to family HDHP coverage or vice versa. -
What is the maximum contribution to a HSA?
The maximum contribution for self-only coverage is $4,150. The maximum contribution for family coverage is $8,300. Those age 55 and older can make an additional $1,000 catch-up contribution. -
What are the HSA rules for 2023?
You can only contribute a certain amount to your HSA each year, but all contributions roll over from year to year. In 2023, you can contribute up to $3,850 if you have health coverage just for yourself or $7,750 if you have coverage for your family. At age 55, individuals can contribute an additional $1,000. -
Should I max out my HSA contributions?
Max out your contributions if you can The more you can contribute, the more you can benefit from the HSA's potential triple tax advantages1. Keep in mind: you don't lose any unspent funds at the end of the year. Your HSA can be used now, next year or even when you're retired.
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