How Much Contribution Can You Make to an HSA in 2017?

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. If you're considering opening or contributing to an HSA in 2017, you may be wondering how much you can contribute. The contribution limits for HSAs in 2017 are:

• For individuals: $3,400
• For families: $6,750
• If you're 55 or older, you can contribute an additional $1,000 as a catch-up contribution

It's important to note that these limits are set by the IRS and can change each year. Contributing the maximum amount to your HSA can help you save more for future medical expenses and reduce your taxable income.

Health Savings Accounts (HSAs) have become an essential tool for those looking to save for healthcare expenses while enjoying significant tax advantages. If you're planning to contribute to an HSA in 2017, you might be curious about the limits set by the IRS. Specifically, individuals can contribute up to $3,400, while families can contribute as much as $6,750. Additionally, if you're 55 or older, the IRS allows you to add a catch-up contribution of $1,000, making it even easier to bolster your healthcare savings.