What were the maximum single contributions to HSA in 2017?

When it comes to Health Savings Accounts (HSAs), understanding the contribution limits for each tax year is crucial. In 2017, the maximum single contribution limit for HSAs was set by the IRS. As an individual, you could contribute up to $3,400 to your HSA account if you had a high deductible health plan.

Contributions to an HSA can be made by an individual, an employer, or both, but it's important to note that the total contributions should not exceed the annual limit set by the IRS. For families, the maximum contribution limit in 2017 was $6,750. These contributions are tax-deductible, meaning you can reduce your taxable income by the amount you contribute to your HSA.

In 2017, if you were an individual holding a Health Savings Account (HSA) with a high deductible health plan, you were allowed to contribute a maximum of $3,400. This limit set by the IRS plays a crucial role in managing your health expenses effectively.