Daycare Tax Tips


Health Savings Account Contribution Limits

For Current and Prior Years

If you have a high-deductible health plan, you are eligible to open a Health Savings Account (HSA). Amounts contributed are deductible for all taxpayers (even those taking the standard deduction) and funds may be withdrawn tax-free to cover out-of-pocket medical expenses, including deductibles (but not premium payments). If you open your account part way through the year, you can still contribute the calendar year maximum for a full tax deduction.

Read more for annual contribution limits.

Maximum HSA Contributions (this is a tax deduction)

2018: $3,450 for individuals with self-only coverage, $6,900 for individuals with family coverage

2017: $3,400 for individuals with self-only coverage, $6,750 for individuals with family coverage

2016: $3,350 for individuals with self-only coverage, $6,750 for individuals with family coverage

2015: $3,350 for individuals with self-only coverage, $6,650 for individuals with family coverage

2014: $3,300 for individuals with self-only coverage, $6,550 for individuals with family coverage

2013: $3,250 for individuals with self-only coverage, $6,450 for individuals with family coverage

2012: $3,100 for individuals with self-only coverage, $6,250 for individuals with family coverage

2010-2011: $3,050 for individuals with self-only coverage, $6,150 for individuals with family coverage

2009: $3,000 for individuals with self-only coverage, $5,950 for individuals with family coverage

2008: $2,900 for individuals with self-only coverage, $5,800 for individuals with family coverage

2007: $2,850 for individuals with self-only coverage, $5,650 for individuals with family coverage


55-and-up Catch-Up Contributions (again a tax deduction)

2009-2018: $1,000 ($2,000 for family coverage where both spouses are 55)

2008: $900 ($1,800 for family coverage where both spouses are 55)

2007: $800 ($1,600 for family coverage where both spouses are 55)


Last updated 11 May 2017

Posted on 2008-05-28 23:00:04

Top