What was the HSA Contribution Limit for 2017?

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare expenses while saving for the future. In 2017, the HSA contribution limit was set at $3,400 for individuals and $6,750 for families.

Contributions to an HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses. This makes HSAs a powerful financial tool for individuals and families looking to save on healthcare costs.

It's important to note that HSA contribution limits are set by the IRS and may change each year. It's crucial to stay informed about the current limits to maximize the benefits of your HSA.

Health Savings Accounts (HSAs) offer an excellent avenue for individuals and families to manage their healthcare expenses more effectively. Back in 2017, the IRS established the HSA contribution limit at $3,400 for individuals and $6,750 for families. This structure promotes savings while providing tax advantages.