What is the Maximum HSA Contribution for 2017?

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. For the year 2017, the maximum HSA contribution limits were set by the IRS. It's important to know these limits to make the most of your HSA.

In 2017, the maximum HSA contribution for individuals was $3,400, while for families, it was $6,750. These limits include both your and your employer's contributions, if any. If you were 55 or older, you could contribute an additional $1,000 as a 'catch-up' contribution.

Contributing the maximum allowed amount to your HSA can help you save for future medical expenses tax-free. It's a smart way to budget for healthcare costs and have funds available when you need them.

Health Savings Accounts (HSAs) have been a popular choice for individuals and families looking to save for healthcare expenses in a tax-advantaged way. For the year 2017, the IRS set specific maximum contribution limits that you should be aware of. Knowing these limits not only helps you in budgeting for your medical needs but can truly enhance your financial wellness.