What is the max HSA contribution for 2017?

When it comes to maximizing your Health Savings Account (HSA) contributions for the year 2017, it's essential to be aware of the limits set by the IRS. For 2017, the maximum HSA contribution amounts were:

• Individual Coverage: $3,400
• Family Coverage: $6,750

Contributions made to your HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free when used for qualified medical expenses. It's a powerful tool for managing healthcare costs while saving for the future.

When you think about Health Savings Accounts (HSAs), it's crucial to know the maximum contribution limits set by the IRS for each year. In 2017, those limits were:

• $3,400 for individuals
• $6,750 for families

If you’re planning to contribute to your HSA, staying within these limits is essential—exceeding them could lead to penalties that can reduce your savings!