IRS has increased the 2021 contributions limits for HSA

The IRS has increased the 2021 deductible contributions limits for health savings account by $50 for individuals and $100 for families.  In 2021, the annual HSA contribution limit will rise to $3,600 for individuals and $7,200 for families.  Also, account holders who are older than 55 can save an extra $1,000 annually as a catch-up contribution. However, the minimum deductible for a qualifying high-deductible for health plan will remain unchanged. For further details, click here… to read article.

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