Categories: Health

IRS Raises Health Savings Account Contribution Limits for 2025: Savers Gain More Opportunities to Save Money on Healthcare Expenses

In 2025, the IRS has raised the contribution limits for health savings accounts (HSAs) to $4,300 for self-only coverage and $8,550 for family plans. The triple-tax advantages of HSAs have been demonstrated by this increase, as contributions receive an upfront deduction, tax-free growth, and no taxes on withdrawals for qualified medical expenses.

The new contribution limits were announced recently by the IRS, providing savers with more opportunities to save money on their healthcare expenses. For self-only coverage in 2025, individuals can contribute up to $4,300 compared to $4,150 in 2024. Those with family plans can now deposit up to $8,550 into HSAs, an increase from $8,300 in 2024.

Catch-up contributions for savers age 55 and older will be released later this year by the IRS. In 2024, the limit stood at $1,000. To contribute to an HSA, individuals must have an eligible high-deductible health insurance plan with a minimum deductible of $1,650 for self-only plans or $3,300 for family plans in 2025.

While HSAs offer tax benefits such as an upfront deduction and tax-free growth on contributions and withdrawals for qualified medical expenses

Samantha Johnson

As a content writer at newsnmio.com, I craft engaging and informative articles that aim to captivate readers and provide them with valuable insights. With a background in journalism and a passion for storytelling, I thoroughly enjoy delving into diverse topics, conducting research, and producing compelling content that resonates with our audience. From breaking news pieces to in-depth features, I strive to deliver content that is both accurate and engaging, constantly seeking to bring fresh perspectives to our readers. Collaborating with a talented team of editors and journalists, I am committed to maintaining the high standards of journalism upheld by our publication.

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