HSA Guide
How Much Can You Contribute to HSA for 2017?
Published September 16, 2023
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Are you curious about how much you can contribute to your HSA for the year 2017? Let's break it down for you.
For 2017, you can contribute up to $3,400 for an individual HSA and up to $6,750 for a family HSA. If you are 55 or older, you can make an additional catch-up contribution of $1,000.
Tax benefits and rollover advantages
Contributions to your HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free when used for qualified medical expenses. So, it's a great way to save for healthcare costs. If you don't use all the funds in your HSA in a year, the money rolls over to the next year - it's your money that stays with you.
Here's a quick summary of HSA contributions for 2017:
Summary and reminders for 2017
- Individual HSA: Up to $3,400
- Family HSA: Up to $6,750
- Catch-up Contribution (55 or older): $1,000
Wondering how you can maximize your savings in 2017 with a Health Savings Account? Youâll be pleased to know that the limits for contributions can really help you keep your medical expenses manageable.
In 2017, individuals can contribute a maximum of $3,400 to their HSAs, while families can contribute up to $6,750. Donât forget, if youâre 55 years or older, you have the option to add a catch-up contribution of $1,000, which means more savings for your future healthcare needs.