Can I Contribute to an HSA for 2017 in 2018? - Understanding HSA Contributions

Many people wonder whether they can contribute to an HSA for the previous tax year, like 2017, in the following year, such as 2018. The answer to this question lies in the specific rules and guidelines set forth by the IRS regarding HSA contributions.

Contributions to an HSA for a particular tax year can only be made during that tax year. This means that if you want to contribute to your HSA for the 2017 tax year, you must do so before the tax filing deadline for that year (usually April 15 of the following year).

Here are some key points to consider when it comes to contributing to an HSA for a previous tax year:

• Contributions for a specific tax year can only be made during that tax year.
• The deadline for contributing to your HSA for the previous tax year is usually April 15 of the following year.
• Contributing to an HSA for a previous tax year can have tax implications, so it's important to consult with a tax professional or financial advisor.

While you cannot contribute to an HSA for 2017 in 2018, you can still make contributions to your HSA for the current tax year. Understanding the rules and guidelines surrounding HSA contributions can help you maximize the benefits of this tax-advantaged account.

Absolutely! If you're looking to contribute to an HSA for the 2017 tax year, you can do so until the tax filing deadline in 2018, typically around April 15th.