IRS adjusts HSA deduction limits for 2017
The IRS has issued inflation-adjusted deduction limits for health savings accounts next year.
For calendar year 2017, the annual limitation on deductions for an individual with self-only coverage under a high-deductible health plan is $3,400. The annual limitation on deductions for an individual with family coverage under a high-deductible health plan is $6,750.
For 2017, a “high deductible health plan” is defined as a health plan with an annual deductible that is not less than $1,300 for self-only coverage or $2,600 for family coverage, and the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $6,550 for self-only coverage or $13,100 for family coverage.
For more information, visit https://www.irs.gov/pub/irs-drop/rp-16-28.pdf.