What is the maximum amount you can contribute to an HSA 2017?

If you're considering opening or already have a Health Savings Account (HSA), you may be wondering about the maximum contribution limit in 2017. The good news is that HSAs offer a tax-advantaged way to save for medical expenses, and knowing the contribution limits can help you make the most of this benefit.

In 2017, the maximum amount you can contribute to an HSA is $3,400 for individuals and $6,750 for families. Additionally, if you are 55 or older, you can make an additional catch-up contribution of $1,000. These contributions are tax-deductible, which means you can lower your taxable income by contributing to your HSA.

It's important to note that these limits are set by the IRS and may be subject to change each year. Monitoring the contribution limits can help you plan your healthcare expenses and savings accordingly.

If you're exploring the options for a Health Savings Account (HSA), understanding the maximum contribution limits in 2017 is essential. With the maximum contributions set at $3,400 for individuals and $6,750 for families, it's a solid way to prepare for future medical expenses.