Hsa Contribution Limits 2024 Tax Deduction U/S. If your contributions exceed annual limits, they must be removed from the account before the tax deadline (april 15, 2024) or you could incur a 6% penalty on the excess. Understand the 2024 hsa contribution limits to maximize tax benefits.
The new 2024 contribution limits for health savings accounts are $4,150 for individuals or $8,300 for families. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1).