HSA Contribution Limits 2017: Everything You Need to Know

Are you looking to maximize your health savings account (HSA) contributions for the year 2017? Understanding the contribution limits set by the IRS is crucial for effective financial planning. In 2017, the HSA contribution limits were as follows:

• For individuals: $3,400
• For families: $6,750
• Additional catch-up contributions for individuals aged 55 and older: $1,000

Contributing the maximum allowable amount to your HSA can provide significant tax benefits and help you save for future healthcare expenses.

It's important to note that these limits are subject to change each year, so staying informed about the latest updates is essential for making the most of your HSA contributions.

Curious about how to maximize your health savings account (HSA) contributions in 2017? Knowing the IRS contribution limits can significantly impact your financial strategy. In 2017, individuals could contribute up to $3,400, while families could save as much as $6,750. Plus, those aged 55 and older had the opportunity to add an additional $1,000 as a catch-up contribution.