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

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2017 HSA limits for families

Health Savings Accounts (HSAs) are a great way to save for medical expenses while taking advantage of tax benefits. If you have a family and are curious about how much you can contribute to your HSA for the year 2017, you'll be glad to know that there are specific limits set by the IRS.

For the tax year 2017, the maximum contribution limits for HSAs for families are:

Catch-up contributions and family coverage

• $6,750 for family coverage
• $1,000 additional catch-up contribution for individuals aged 55 and older

It's important to note that these contribution limits are for the entire family, not per individual.

Contributions to an HSA are tax-deductible, so by maxing out your contributions, you can save on your taxable income while ensuring that you have funds set aside for any future medical expenses.

Health Savings Accounts (HSAs) are not only a smart choice for individuals but for families as well, especially when it comes to preparing for unexpected medical expenses. For 2017, families can contribute a maximum of $6,750 into their HSA. If anyone in your household is aged 55 or older, you can also take advantage of a $1,000 catch-up contribution, allowing for even more savings.