The IRS has released the limits on Health Savings Accounts (HSAs) for 2013. The main point for consumers is to note that the maximum contributions have gone up a bit, as they typically do year to year:
- Individual HSA: $3,250/year maximum contribution
- Family HSA: $6,450/year maximum contribution
Remember, contributions to an HSA are deducted from your taxable income, so that’s a great tax break for freelancers, the self-employed, or anyone else interested in saving on taxes. Of course you have to have a qualified high deductible health insurance plan in order to open and contribute to an HSA. As you may have guessed, we’d be happy to help with that.