Can I Claim Charges on a HSA from Previous Tax Year?

Many people wonder if they can claim charges on a Health Savings Account (HSA) from the previous tax year. The answer is yes, you can typically claim charges on your HSA from the previous tax year.

Here are a few key points to keep in mind:

• Contributions to an HSA can be made until the tax filing deadline of the following year.
• You can use your HSA funds for eligible medical expenses incurred in previous years.
• It's important to keep all documentation of your expenses to prove they are eligible for HSA reimbursement.

So, if you have incurred medical expenses in a past tax year and have not yet used your HSA funds to cover them, you can still do so and claim those charges on your HSA.

Did you know that you can also claim charges on your Health Savings Account (HSA) from previous tax years? Yes, that's right! Many individuals do not realize that HSAs are not bound by a strict time frame for withdrawals concerning past medical expenses.