Hsa Contribution Limits 2024 Tax Deduction

Hsa Contribution Limits 2024 Tax Deduction. Determine the maximum amount the irs allows you to contribute towards your hsa this year. The irs states that contribution limits must be prorated by the number of months one is eligible to contribute to a health savings account.

The contribution limit increases are the largest on record. If your contributions exceed annual limits, they must be removed from the account before the tax deadline (april 15, 2024) or you could incur a 6% penalty on the excess.