Spread the Word About Additional HSA Contributions
InterWest Insurance Services
MARCH 7, 2024
Under IRS rules, for 2023 employers and employees can contribute a combined $3,850 for single employees and $7,750 for families. Since funds workers contribute to their HSA are made before their salaries are taxed, they reduce their overall taxable income. Withdrawals to reimburse for these expenses are also not taxed.
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