2024 HSA Contribution Limit
For 2024, the HSA Contribution Limit is $4,150 (Self-only), $8,300 (Family), $1,600 (HDHP minimum deductible, self-only) and 3 more figures below.
| Item | Self-only | Family |
|---|---|---|
| HDHP minimum deductible | $1,600 | $3,200 |
| HDHP out-of-pocket maximum | $8,050 | $16,100 |
Effective 2024-01-01Source: Rev. Proc. 2023-23 (IRS)Verified 2026-08-29
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%) |
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 headroom 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
You will have excess contributions if the contributions to your HSA for the year are greater than the limits discussed earlier. Excess contributions are not deductible. Excess contributions made by your employer are included in your gross income. If the excess contribution is not 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 each tax year the excess remains in the account. You can avoid the excise tax by withdrawing the excess amount and any net income attributable to it before the due date of your tax return, including extensions. The withdrawn excess is included in your income for the year it was contributed.
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
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 treated as an eligible individual for the entire year. You are also treated as having the same HDHP coverage for the entire year as you had on that first day of the last month. This means you can contribute the full annual amount ($4,150 for self-only or $8,300 for family) even if you were only covered for part of the year. However, you must remain an eligible individual during the testing period, which 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). If you fail to remain eligible during the testing period, you must include certain amounts in income and may owe additional taxes.
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)
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.