Health Savings Accounts
Wednesday, December 25, 2019
Health Savings Accounts
Annual contribution limitation. For the calendar year 2019, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $2,250.
For the same calendar year, the annual limitation on deductions under § 223(b)(2)(B) for an individual with family coverage under a high deductible health plan is $4,500.
There is an additional contribution of $1,000 for people over 55-year-olds.
Please consult the IRS or your tax professional for more information and applicability.
Source: IRS.gov
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