2024 HSA Contribution Limit
For 2024, the HSA Contribution Limit figures are $4,150 (Self-only), $8,300 (Family), $1,600 (HDHP minimum deductible, self-only) and 4 more figures below.
| Item | Self-only | Family | Age 55 and over |
|---|---|---|---|
| HDHP minimum deductible | $1,600 | $3,200 | - |
| HDHP out-of-pocket maximum | $8,050 | $16,100 | - |
| Catch-up limit | - | - | +$1,000 |
A dash is a figure this site has not published for that row, not an amount of zero.
Effective 2024-01-01Source: Rev. Proc. 2023-23 (IRS)Verified 2026-09-03
Catch-up limit, age 55 and overSource: Publication 969 (2024), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)Verified 2026-09-03
Compared with 2023
| Item | 2023 | 2024 | Change |
|---|---|---|---|
| Self-only | $3,850 | $4,150 | +$300 (+7.8%) |
| Family | $7,750 | $8,300 | +$550 (+7.1%) |
| HDHP minimum deductible, self-only | $1,500 | $1,600 | +$100 (+6.7%) |
| HDHP minimum deductible, family | $3,000 | $3,200 | +$200 (+6.7%) |
| HDHP out-of-pocket maximum, self-only | $7,500 | $8,050 | +$550 (+7.3%) |
| HDHP out-of-pocket maximum, family | $15,000 | $16,100 | +$1,100 (+7.3%) |
| Catch-up limit, age 55 and over | +$1,000 | +$1,000 | +$0 (+0.0%) |
HDHP minimum deductible
HDHP out-of-pocket maximum
Catch-up limit
+$1,000$16,100
One dot per column of the table, on a scale running from the smallest of these amounts to the largest. The scale is logarithmic - each faint line is ten times the one before it, so that the amounts crowded at the low end stay far enough apart to read. The table states which dot is which.
Who it applies to
Individuals who contribute to a Health Savings Account (HSA) under a high deductible health plan for calendar year 2024.
What changed this year, and why
For calendar year 2024, the IRS increased the annual HSA contribution limits to $4,150 for self-only coverage and $8,300 for family coverage, up from $3,850 and $7,750 in 2023. The minimum annual deductible for a high deductible health plan rose to $1,600 for self-only coverage (from $1,500) and $3,200 for family coverage (from $3,000). The out-of-pocket maximum increased to $8,050 for self-only coverage (from $7,500) and $16,100 for family coverage (from $15,000).
Common questions
- What is the HSA contribution limit for 2024?
- For 2024, the HSA contribution limit is $4,150 for self-only coverage and $8,300 for family coverage.
- What are the HDHP requirements for 2024?
- For 2024, a high deductible health plan must have an annual deductible of at least $1,600 for self-only coverage or $3,200 for family coverage. The out-of-pocket maximum (excluding premiums) may not exceed $8,050 for self-only coverage or $16,100 for family coverage.
Every amount on this page is a published figure rather than yours. The HSA contribution planner takes the number you enter and works it out against them, showing which published figure it used.
Who can contribute, and what counts as an HDHP
To contribute to an HSA, you must be an eligible individual who is covered under a High Deductible Health Plan (HDHP). An HDHP has a higher annual deductible than typical health plans and a maximum limit on the sum of the annual deductible and out-of-pocket medical expenses. For 2024, the minimum annual deductible is $1,600 for self-only coverage and $3,200 for family coverage. The maximum out-of-pocket limit (including deductibles, co-payments, and other amounts but not premiums) is $8,050 for self-only coverage and $16,100 for family coverage. The contribution limit is $4,150 for self-only coverage and $8,300 for family coverage. An HDHP may also provide preventive care benefits without a deductible or with a deductible less than the minimum annual deductible.
High deductible health plan (HDHP). An HDHP has: • A higher annual deductible than typical health plans, and • A maximum limit on the sum of the annual deductible and out-of-pocket medical expenses that you must pay for covered expenses. Out-of-pocket expenses in- clude co-payments and other amounts, but don’t in- clude premiums.
Publication 969 (2024), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
The age 55 catch-up contribution
If you are an eligible individual age 55 or older at the end of your tax year, your HSA contribution limit is increased by $1,000 beyond the regular annual limit. For example, if you have self-only coverage, you can contribute up to $5,150 (the regular self-only limit of $4,150 plus the $1,000 catch-up amount). For family coverage, the catch-up of $1,000 is added to the regular family limit. This additional amount is a flat sum available to anyone who meets the age threshold; it is not prorated by the number of months you were eligible during the year. However, once you become enrolled in Medicare, your contribution limit drops, and the catch-up is no longer available for those months. The catch-up is also unavailable to anyone who can be claimed as a dependent on another taxpayer's return.
Additional contribution. If you are an eligible individual who is age 55 or older at the end of your tax year, your contribution limit is increased by $1,000. For example, if you have self-only coverage, you can contribute up to $5,150 (the contribution limit for self-only coverage ($4,150) plus the additional contribution of $1,000). How- ever, see Enrolled in Medicare, later.
Publication 969 (2024), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
Excess contributions and the 6% excise tax
Whether there is an excess is a question about the total, not about any single deposit. Everything that went into the account for the year - your own money, your employer's, anyone else's - is measured against one limit, $4,150 for self-only coverage or $8,300 for family coverage, and only the part above that line is the problem. What happens to that part is worse than losing the deduction, although it does lose the deduction. Employer money above the line is income to you, and where it never appeared in box 1 of your Form W-2 the reporting falls to you, as 'Other income'. On top of that sits a 6% excise tax, figured on Form 5329, and it is charged again for every tax year the excess remains in the account - which is how one mis-set payroll election becomes a recurring cost rather than a single mistake. The exit is to withdraw the excess, plus the income it earned while it sat there, by the due date of your return for the contribution year, extensions included. Do that and the excise tax on the amount withdrawn is avoided, with the earnings reported as income for the year of the withdrawal.
You will have excess contribu- tions if the contributions to your HSA for the year are greater than the limits discussed earlier. Excess contribu- tions aren’t deductible. Excess contributions made by your employer are included in your gross income. If the excess contribution isn’t included in box 1 of Form W-2, you must report the excess as “Other income” on your tax return. Generally, you must pay a 6% excise tax on excess contributions. See Form 5329, Additional Taxes on Quali- fied Plans (Including IRAs) and Other Tax-Favored Ac- counts, to figure the excise tax. The excise tax applies to each tax year the excess contribution remains in the ac- count.
Publication 969 (2024), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
The last-month rule and its testing period
For anyone who becomes eligible late in the year, this rule decides whether the year's contribution room is prorated or whole. Eligibility measured on a single date - the first day of the last month of the tax year, December 1 for a calendar-year filer - stands in for eligibility across the year, and the coverage held on that date is treated as the coverage held throughout. That is what lets someone with family HDHP coverage on that day contribute the full $8,300 rather than a fraction of it. The condition attached is forward-looking, and it is the part that catches people out: the testing period does not end with the tax year. It starts with that last month and runs to the last day of the 12th month after it, so eligibility dated December 1, 2024 has to survive until December 31, 2025. Anyone expecting to leave HDHP coverage during 2025 - a job change, a move onto a spouse's plan, other insurance - is choosing between the full year's room now and having to pull the extra contributions back into income later, with an additional tax on top. The room is real, but it is earned at the end of the testing period, not on the day the money goes in.
Under the last-month rule, if you are an eligible individual on the first day of the last month of your tax year (December 1 for most taxpayers), you are consid- ered an eligible individual for the entire year. You are trea- ted as having the same HDHP coverage for the entire year as you had on the first day of the last month if you didn’t otherwise have coverage. Testing period. If contributions were made to your HSA based on you being an eligible individual for the en- tire year under the last-month rule, you must remain an eli- gible individual during the testing period. For the last-month rule, the testing period begins with the last month of your tax year and ends on the last day of the 12th month following that month (for example, December 1, 2024, through December 31, 2025).
Publication 969 (2024), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
The 20% tax on non-qualified distributions
There is an additional 20% tax on the part of your distributions not used for qualified medical expenses. You must figure this tax on Form 8889 and file it with your Form 1040, 1040-SR, or 1040-NR. This means that if you withdraw money from your HSA for non-qualified expenses, the distribution is included in your gross income and subject to an extra 20% tax on top of regular income tax. However, there is no additional tax on distributions made after the date you are disabled, reach age 65, or die. Once you meet one of these exceptions, distributions can be used for any purpose without the 20% penalty, though non-medical withdrawals are still subject to regular income tax.
Additional tax. There is an additional 20% tax on the part of your distributions not used for qualified medical ex- penses. Figure the tax on Form 8889 and file it with your Form 1040, 1040-SR, or 1040-NR. Exceptions. There is no additional tax on distribu- tions made after the date you are disabled, reach age 65, or die.
Publication 969 (2024), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
You, your employer, and anyone else can all contribute to the same account
In 2024, the maximum contribution limit for a Health Savings Account is $4,150 for self-only coverage and $8,300 for family coverage. These limits apply to the total of all contributions made to the account, regardless of who makes them. The account holder, their employer, family members, or any other person can contribute, but the combined total cannot exceed the applicable limit. If an individual is 55 or older, they may be eligible for an additional catch-up contribution on top of the regular limit. Contributions must be made in cash, and the account must be paired with a high-deductible health plan that meets the 2024 requirements, including a minimum deductible of $1,600 for self-only or $3,200 for family coverage.
Any eligible individual can contribute to an HSA. For an employee’s HSA, the employee, the employee’s employer, or both may contribute to the employee’s HSA in the same year. For an HSA established by a self-employed (or un- employed) individual, the individual can contribute. Family members or any other person may also make contribu- tions on behalf of an eligible individual.
Publication 969 (2024), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
The form that reports every contribution and claims the deduction
In 2024, all Health Savings Account contributions must be reported on Form 8889, which is filed with your federal income tax return. This includes contributions you made personally, contributions made by your employer (whether through a cafeteria plan or directly), and any qualified HSA funding distributions from an IRA. Even if your employer reports contributions on your Form W-2, you still must file Form 8889 to claim your deduction and verify that total contributions did not exceed the annual limit of $4,150 for self-only HDHP coverage or $8,300 for family HDHP coverage. You can make contributions for 2024 through April 15, 2025, and those late contributions must also be included on Form 8889 for 2024. The form calculates your deductible amount and determines whether you owe an excise tax on any excess contributions.
Form 8889. Report all contributions to your HSA on Form 8889 and file it with your Form 1040, 1040-SR, or 1040-NR. You should include all contributions made for 2024, including those made from January 1, 2025, through April 15, 2025, that are designated for 2024. Con- tributions made by your employer and qualified HSA fund- ing distributions are also shown on the form.
Publication 969 (2024), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
Money left in the account at year end is not lost
In 2024, unused amounts in a Health Savings Account do not expire at the end of the year, unlike flexible spending arrangement (FSA) funds that may be subject to a use-it-or-lose-it rule. The IRS states that contributions remain in your HSA until you use them. This means if you contribute less than the annual limit of $4,150 for self-only HDHP coverage or $8,300 for family HDHP coverage in a given year, the balance carries forward indefinitely. The account is portable and stays with you if you change employers or leave the workforce. Additionally, the interest or other earnings on the assets in the account grow tax-free, allowing the balance to accumulate over time. There is no requirement to spend the funds by any particular deadline, and you may use the accumulated balance for qualified medical expenses in future years, including during retirement.
The contributions remain in your account until you use them.
Publication 969 (2024), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
Enrolling in Medicare shuts off your contribution limit
In 2024, once you enroll in Medicare, your HSA contribution limit becomes zero starting with the first month of your Medicare enrollment. This rule also applies to retroactive Medicare coverage. If you delayed applying for Medicare and your enrollment is later backdated, any contributions made to your HSA during the period of retroactive coverage are treated as excess contributions subject to tax and potential penalties. For 2024, the regular contribution limits are $4,150 for self-only HDHP coverage and $8,300 for family HDHP coverage. Once Medicare enrollment begins, you can no longer make any contributions, even if you are still covered by a high-deductible health plan. This applies to contributions by you, your employer, or any other person on your behalf. If you are still working and have employer coverage when you enroll in Medicare, you should stop contributing to your HSA beginning with the month your Medicare coverage starts.
Beginning with the first month you are enrolled in Medicare, your contribution limit is zero. This rule applies to periods of retroactive Medicare coverage. So, if you delayed applying for Medicare and later your enrollment is backdated, any contributions to your HSA made during the period of retroactive coverage are considered excess.
Publication 969 (2024), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
How each figure was verified
Each number below was read from a stored copy of the document named beside it, and checked to occur word for word in the quoted sentence. The digest is of that stored text.
Rev. Proc. 2023-23 (IRS)
- Self-only
the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $4,150.
- Family
the annual limitation on deductions under § 223(b)(2)(B) for an individual with family coverage under a high deductible health plan is $8,300.
- HDHP minimum deductible, self-only
For calendar year 2024, a “high deductible health plan” is defined under § 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,600 for self-only coverage or $3,200 for family coverage
- HDHP minimum deductible, family
For calendar year 2024, a “high deductible health plan” is defined under § 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,600 for self-only coverage or $3,200 for family coverage
- HDHP out-of-pocket maximum, self-only
the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $8,050 for self-only coverage or $16,100 for family coverage.
- HDHP out-of-pocket maximum, family
the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $8,050 for self-only coverage or $16,100 for family coverage.
Publication 969 (2024), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
- Catch-up limit, age 55 and over
Additional contribution. If you are an eligible individual who is age 55 or older at the end of your tax year, your contribution limit is increased by $1,000.