How Much Can I Deposit on My HSA in 2017?

If you're looking to maximize your HSA contributions in 2017, you'll be glad to know that the limits are set by the IRS each year. For 2017, individuals with self-only coverage can deposit up to $3,400, while those with family coverage can contribute up to $6,750. These contributions are tax-deductible and can be used for qualified medical expenses tax-free. Remember, any unused funds in your HSA roll over from year to year, so it's a great way to save for future healthcare costs.

Wondering how much you can deposit in your HSA in 2017? The IRS has set the contribution limits for this year. If you have self-only coverage, you can deposit up to $3,400, and if you have family coverage, you're allowed to contribute a whopping $6,750. Remember, these contributions not only lower your taxable income but can also be used for qualified medical expenses without incurring taxes.