The number of health savings accounts (HSAs) – and the average amount of contributions per account – increased between 2008 and 2009.
The Internal Revenue Service (IRS) has included HSA data in a new report based on 2009 individual income tax return data.
The number of taxpayers reporting HSAs on their returns increased 13%, to 946,436, and the total amount of HSA contributions deducted increased 17%, to $2.6 billion.
Despite the effects of the Great Recession on workers’ employment levels, income levels and investment returns, the average amount of contributions per HSA increased 3.4% between 2008 and 2009, to $2,736.
The number of returns including individual retirement account adjustments fell 5.5%, to 2.6 million, and the total amount of IRA adjustments fell 3.5%, to $6.8 billion.
- Allison Bell