How Much Can I Contribute to HSA for 2017?

Contributing to a Health Savings Account (HSA) can be a great way to save for medical expenses while enjoying tax advantages. For 2017, the maximum amount an individual could contribute to their HSA was $3,400, while for families the limit was $6,750. These limits are set by the IRS and take into account both individual and family coverage.

It's important to note that these contribution limits may have changed since 2017, so it's always a good idea to check with the IRS or a financial advisor for the most up-to-date information. Additionally, individuals aged 55 and older were eligible to make an additional 'catch-up' contribution of $1,000 in 2017.

In 2017, Health Savings Accounts (HSAs) provided an excellent opportunity for individuals and families to save for healthcare expenses tax-free. The contribution limits for that year were set at $3,400 for individual coverage and $6,750 for family coverage, aligning with IRS guidelines.