Hsa Contribution Limits 2024 Tax Deduction Over 55. The health savings account (hsa) contribution limits increased from 2023 to 2024. This was done by changing the income tax slabs to reduce tax payable, hiking the standard deduction to rs 75,000 and increasing the deduction to 14% on employer's contribution to the nps account under the new tax regime.

However, these changes have been made in the new tax regime after almost 4 months of the financial. Individuals can contribute up to $4,150 to their hsa accounts for 2024, and families can contribute up to $8,300.