Hsa Contribution Limits 2024 Tax Deduction Over 65. Here are the maximum amounts you can contribute to an hsa in 2024: This compliance overview summarizes key features for hsas, including the contribution limits for 2024.

If you’re under 65 and use the funds for other purposes, that money becomes taxable income, and you could face an additional 20% tax on the nonmedical use of hsa money. When taxpayers opt to continue working past age 65 and wish to continue funding an hsa, they need to be very clear on the medicare rules of application and enrollment to avoid either penalties for excess hsa.