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IRS Sets 2017 Contribution Limits

The Internal Revenue Service (IRS) has issued its new guidelines for 2017 HSA contributions. The family contribution limit remains the same as 2016, but the individual contribution limit increases from $3,350 to $3,400. Here’s the breakdown:

Year

Single         Family

2016

$3,350         $6,750

2017

$3,400         $6,750

Catch‑up

(age 55+)

$1,000         $1,000

 

Author: Jenny Chu