[source: smbiz.com]
Health Savings Accounts–2017
Maximum annual HSA contributions deductible–$3,400 for individual; $6,750 for family coverage
Catch-up contributions for individuals 55 or older (but less than 65) is $1,000.
Contribution limit prorated for partial year (1/12 per month).
Deductible Amounts that define High Deductible Plan:
Annual Deductible Deductibles, Co-Payments and other Amounts
Not Less Than but not Premiums Not to Exceed
Self Only $1,300 $ 6,550
Family Coverage 2,600 13,100
Social Security–2017
Taxable Thresholds–Social security payments includable in income if modified AGI exceeds base amounts.
Modified AGI includes certain excluded income (e.g., tax exempt interest) and 1/2 of social security payments.
50% inclusion threshold:
$25,000 no more than $34,000–single, head of household, married living apart ($0 for married, separate)
$32,000 no more than $44,000–married filing joint
85% inclusion threshold:
more than $34,000–single, head of household, married living apart ($0 for married, separate)
more than $44,000–married filing joint
OASDI Wage Base–$127,200
Household (domestic) employee cash wages threshold–$2,000
Quarter of coverage–$1,300
Retirement Savings Test–$16,920 (under full retirement age); $44,880 (year of full retirement age)
For a fact sheet on the COLA go to www.ssa.gov/news/press/factsheets/colafacts2017.pdf