Irs Contribution Limit 2024. Every year, the internal revenue service (irs) sets the maximum that can be contributed to an hsa. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.

Individuals age 50 and older are still able to contribute an extra $7,500 for a total of $30,500. The elective deferral limit for simple plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021.