What is a common salary limitation under the contributions of a Health Savings Account (HSA)?

The contribution limits for Health Savings Accounts (HSAs) are set annually and are indexed for inflation. For the tax year 2023, the correct and widely recognized limits for HSA contributions are indeed $3,650 for individuals and $7,300 for family coverage.

These limits are established by the IRS and are important for individuals who want to maximize their tax-advantaged savings for medical expenses. Contributions to an HSA are tax-deductible, which also offers an additional incentive for individuals and families to take advantage of these accounts.

In the case of qualifying for catch-up contributions for individuals aged 55 or older, there is an additional contribution allowed, which is $1,000. However, the foundational limits specifically for the year 2023 remain at $3,650 and $7,300, making the selected answer the most appropriate and accurate representation of the HSA contribution limits for that tax year.