HSA Contribution Max for 2015 $3,350 single, $6,650 family.

April 24th, 2014 by Joe Kristan

The IRS has released (Rev. Proc. 2014-30) the 2015 inflation-adjusted limits for Health Savings Account contributions.  The maximum annual HSA contribution for taxpayers with self-only coverage under a qualifying high-deductible plan is $3,350; the limit for taxpayers with family coverage is $6,650.

For 2015 a “high deductible plan” is one with an annual deductible of at least $1,300 for single coverage and $2,600 for family coverage.  Annual out-of-pocket costs can’t exceed $6,450 for single coverage and $12,900 for family coverage.

Qualifying HSA contributions are deductible “above-the-line,” without itemizing.  They may be withdrawn tax-free to cover qualifying medical expenses, or upon retirement in a fashion similar to traditional IRA contributions.  More information on HSAs can be found in IRS Publication 969.


Tags: ,