How Much Can You Contribute to a HSA in 2017?

When it comes to Health Savings Accounts (HSAs), one common question that individuals often ask is, 'How much can you contribute to a HSA in 2017?' It's important to understand the maximum contribution limits set by the IRS each year to maximize the benefits of your HSA. In 2017, the contribution limits for HSAs were:

• For individuals: $3,400
• For families: $6,750

It is crucial to note that these limits include both your own contributions and any contributions made by your employer. If you are 55 or older, you may also be eligible for an additional 'catch-up' contribution of $1,000 to boost your HSA savings.

Contributing the maximum allowed amount to your HSA can help you save on taxes, as contributions are tax-deductible, and the funds in your HSA grow tax-free.

When it comes to Health Savings Accounts (HSAs), many people are curious about the limits on contributions. For the year 2017, the IRS set specific maximum limits: $3,400 for individuals and $6,750 for families, which can significantly impact your healthcare savings strategy.