The IRS recently released Revenue Procedure 2023-23 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2024. The IRS is required to publish these limits by June 1 of each year.
These limits include:
The maximum HSA contribution limit
The minimum deductible amount for HDHPs
The maximum out-of-pocket expense limit for HDHPs
