Sentences with phrase «allotted maximum contribution»

Every single dollar that I contribute into my HSA every year is deductible on the front of my personal 1040 tax return (up to certain annual limits imposed by the IRS — for 2010 the maximum deductible HSA contribution is $ 3,050 for singles and $ 6,150 for families with those age 55 or over getting an extra $ 1,000 allotted maximum contribution amount).