Hsa Contribution Limits 2024 Tax Deduction. Employer hsa contributions are not treated as taxable income but do count toward your annual. The irs states that contribution limits must be prorated by the number of months one is eligible to contribute to a health savings account.

Are you 55 or older: If your contributions exceed annual limits, they must be removed from the account before the tax deadline (april 15, 2024) or you could incur a 6% penalty on the excess contribution.