HSA written on wooden blocks with coins on top (Photo: Shutterstock)

Thanks to the ongoing high inflation, employees will be able to put more money into their health savings accounts next year. HSA contribution limits for 2024 will see one of the biggest jumps in recent years, the IRS announced. The annual limit on HSA contributions for self-only coverage will be $4,150, a 7.8% increase from the $3,850 limit in 2023.

Employees 55 and older can contribute an extra $1,000 to their HSAs, which means an older married couple could contribute $10,300 in 2024, up from $9,750 this year.

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