Can I Contribute to an HSA for This Tax Year into Next Year?

Whether you can contribute to an HSA for this tax year into the next year depends on specific IRS guidelines. Generally, you have until the tax filing deadline of the current year to make contributions for the previous tax year.

For example, for the tax year 2021, contributions can be made up to the tax filing deadline in April 2022. This allows you to maximize your contributions and potential tax savings.

It's essential to understand the rules and limits set by the IRS regarding HSA contributions to make the most of this tax-advantaged account.

Many individuals wonder if they can contribute to their Health Savings Account (HSA) for one tax year into the following year. According to IRS guidelines, you can make contributions for the previous tax year up until the tax filing deadline, typically falling in April of the following year.