Maximize your 2021 HSA contribution

The deadline to contribute to your health savings account (HSA) for tax year 2021 is right near.

The limit is $8,200 for families and $4,600 for individuals.

Any unused HSA money rolls over every year, staying with you even if you change employers.

The federal HSA contribution deadline for tax year 2021 is April 18, 2022.*

 

The information provided herein is general in nature. It is not intended, nor should it be construed, as legal or tax advice.

Because the administration of an HSA is a taxpayer responsibility, you are strongly encouraged to consult your tax advisor before opening an HSA.

You are also encouraged to review information available from the Internal Revenue Service (IRS) for taxpayers, which can be found on the IRS website at IRS.gov .

You can find IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans, and IRS Publication 502, Medical and Dental Expenses, online, or you can call the IRS to request a copy of each at 800-829-3676.

The contribution limit noted above is for the 2021 tax year and will depend on your age as of 12/31/2021.

*Contribution deadlines by state may vary. Please refer to irs.gov to check your state’s tax deadline.