How Much Can You Contribute in 2017 for HSA?

If you have a Health Savings Account (HSA), you may be wondering how much you can contribute in 2017. An HSA is a tax-advantaged account that allows you to save money for medical expenses and enjoy certain tax benefits. In 2017, the contribution limits for an HSA are:

• For individuals: $3,400
• For families: $6,750
• Individuals aged 55 and older can contribute an additional $1,000 as a catch-up contribution

Contribution limits can change annually, so it's important to stay updated on the current limits to maximize the benefits of your HSA. Contributing to your HSA not only helps you save for medical expenses but also provides tax advantages that can help you save money in the long run.

In 2017, if you're managing a Health Savings Account (HSA), understanding your contribution limits is vital for effective financial planning. Each year, the contribution limits adjust, and for 2017, you're allowed to contribute up to $3,400 as an individual or $6,750 for a family. Additionally, if you're aged 55 or older, you can take advantage of a catch-up contribution by contributing an extra $1,000, maximizing your savings for future medical expenses.