How Much Can You Put in HSA for Family for 2017 Deadline?

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2017 family HSA contribution limits

If you are looking to save for healthcare expenses for your family, a Health Savings Account (HSA) can be a great option. For the 2017 deadline, the contribution limits for an HSA for a family are as follows:

• The maximum contribution limit for family coverage is $6,750.
• If you are 55 or older, you can make an additional catch-up contribution of $1,000, bringing the total to $7,750.

Tax benefits of HSA contributions

Contributions to an HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses. It's a valuable tool for managing healthcare costs and saving for the future.

Recap of family limits and catch-up

If you want to ensure your family’s health care costs are covered, consider setting up a Health Savings Account (HSA). The HSA contribution limits for families for 2017 stand at $6,750, and for those aged 55 or older, an additional $1,000 catch-up contribution can be made, resulting in a total of $7,750.