What is the cap for hsa 2017?

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare costs while also saving for the future. In 2017, the maximum contribution limits for HSAs were set by the IRS.

The contribution limits for HSA in 2017 were:

• For individuals: $3,400
• For families: $6,750

These maximum contribution caps are important to know as they determine how much you can save pre-tax in your HSA account to cover qualified medical expenses.

It's crucial to make the most of these contribution limits to maximize your tax savings and healthcare funds.

Health Savings Accounts (HSAs) are an essential resource for individuals looking to manage healthcare expenses effectively. In 2017, the IRS established maximum contribution limits to guide account holders. These limits were set at $3,400 for individuals and $6,750 for families.

By adhering to these caps, you can make significant tax savings, as contributions to HSAs are pre-tax, enabling you to lower your taxable income.