Retirement Plan and Health Savings Plan Limits for 2017

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Every year the IRS releases new limits for how much you can contribute to Individual Retirement accounts and Health Savings accounts for the tax year. In 2017, the contribution limits did not go up from last year, though the income phaseouts (meaning if your income is between these numbers your ability to contribute is reduced, and if your income is above the top number, you cannot contribute at all) did slightly.

Here are the numbers for 2017 so you can get started on your planning:

2017-retirement-plan-hsa-limits

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Wealth Manager

Austin Fey is a Wealth Manager at Marotta Wealth Management, specializing in charitable giving and asset allocations. She is a regular contributor to our Marotta On Money articles, often giving advice to those just getting started in finance.