HSA Contribution Limits
Health savings accounts allow you to legally avoid federal income tax by saving money in a tax-free savings account. Contributing the maximum amount possible will enable you to optimize your tax benefits and the long-term growth of your account.
HSA Contribution Limits
The 2025 HSA contribution limits are $4,300 for singles and $8,550 for families.*
HSA Contribution Limits for 2024 were up to $4,150 for singles or $8,300 for families.
HSA Contributions are Tax Deductible
HSAs don’t have a minimum deposit requirement. Whatever you deposit into your account by April 15 of every year is an above-the-line tax deduction for the previous year’s income taxes.
Even if you take the standard deduction and don’t itemize deductions, you’ll get a federal income tax deduction on anything you contribute. This tax deduction has no limitations on the amount or source of income, and it is available to everyone.
Pro-rated Deductibility if You Cancel Your Insurance
If you cancel your HSA-qualified health insurance before you’ve had the coverage for a year, your maximum contribution amount is pro-rated based on the number of months you had your coverage in force. Note, you don’t lose that money just because you no longer have a qualifying health plan. You simply cannot contribute to the HSA any longer.Rollover HSA Contributions Limits
A one-time rollover from your IRA (Individual Retirement Account) or FSA (Flexible Spending Account) is allowed.Tax Savings
Employer HSA contributions are excluded from income and are not subject to any income tax or FICA. HSA contributions typically reduce your federal income tax for the year, sometimes even lowering your tax bracket.
Most states also allow a state income tax deduction on HSA health plan contributions. To see if your state offers tax deductions, please see our HSA State Income Tax page.
HSA Contributions Deadline
IMPORTANT REMINDER for 2024 Taxes: The deadline for contributions is April 15, 2025. The contribution deadline is always the same day as your income tax return is due, usually April 15th.
* Individuals age 55 and over may deposit into their account (and take a tax deduction on) an additional catch-up contribution of $1,000.
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