How Much Can You Put Into an HSA in 2017?

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare expenses while saving for the future. In 2017, individuals had the opportunity to contribute a maximum of $3,400 to their HSA if they had self-only coverage, or $6,750 if they had family coverage.

Contributions to an HSA are tax-deductible, meaning the money you put in is subtracted from your taxable income. This can result in significant savings come tax time. Additionally, funds in an HSA can be invested and grow tax-free, providing you with a way to build wealth for healthcare costs in retirement.

Health Savings Accounts (HSAs) are often overlooked, but they're an essential resource for managing your healthcare costs effectively. In 2017, individuals could contribute up to $3,400 for self-only coverage, while families could put in as much as $6,750, making them a potent tool for financial planning.