What is the limit for a hsa contribution 2017?

When it comes to contributing to a Health Savings Account (HSA) in 2017, it's important to know the limits set by the IRS. For individuals, the limit for HSA contributions in 2017 is $3,400, while for families, it is $6,750. These limits are set to help individuals and families save for their current and future medical expenses while enjoying tax advantages.

Contributions to HSAs are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses. It's a great way to save money for healthcare costs and reduce your taxable income at the same time.

In 2017, knowing the contribution limits for your Health Savings Account (HSA) is essential. For individuals, the maximum contribution amount is $3,400, while families can contribute up to $6,750. These limits not only help you save for health expenses but also provide significant tax benefits that can enhance your savings strategy.