The maximum contribution is the lesser of $3,350 for individuals or $6,750 for families, and the HSA-qualified health insurance plan deductible. A self-employed individual contributing to his or her own HSA takes the deduction directly on the 1040 as an adjustment to gross income, and does not take the deduction on Schedule C. State deductions differ by state please see our State Income Tax page for more information on individual state regulations.
Disclaimer: HSA for America and its affiliates are not engaged in rendering tax, investment or legal advice. The information on this page may have inaccuracies, and federal and state tax regulations are subject to change. If tax, investment or legal advice is required, seek the services of a licensed professional.