How Much Can I Put in HSA Account in 2017?

If you are wondering how much you can contribute to your Health Savings Account (HSA) in 2017, you've come to the right place. In 2017, the contribution limits for HSAs were:

• $3,400 for individuals
• $6,750 for families

These limits also included any employer contributions made to your HSA account. If you were 55 or older, you could contribute an additional $1,000 as a catch-up contribution.

Contributions made to your HSA are tax-deductible, and the funds in your HSA can be used tax-free for qualified medical expenses. This makes HSAs a great way to save for healthcare costs while enjoying tax benefits.

It's important to note that these contribution limits are for 2017, and they may have changed in subsequent years. Be sure to check the latest IRS guidelines for the most up-to-date information on HSA contribution limits.

Are you curious about how much you could have contributed to your Health Savings Account (HSA) in 2017? In that year, the guidelines allowed individuals to contribute up to $3,400 and families to contribute a total of $6,750. It's crucial to remember that these figures encompass any potential employer contributions as well.