Limits for This Tax-Free Account Will Increase in 2021

The annual contribution limits for health savings accounts keep climbing. After raising the limits for 2019 and for 2020, the IRS announced on May 20 that it will raise them again for 2021 on account of inflation. It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter. The new limits are: $3,600 for someone with self-only health insurance coverage (up from $3…

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