Can I Deduct HSA Contributions Made Before April 2018 on 2017 Taxes?

Yes, you can deduct HSA contributions made before April 2018 on your 2017 taxes. Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. However, there are some rules and limitations to be aware of when it comes to deducting HSA contributions on your taxes.

One important thing to note is that HSA contributions made by the tax filing deadline (usually April 15 of the following year) can be deducted on the tax return for the previous year. So, if you made contributions to your HSA before April 2018, you can include them in your 2017 tax return.

Here are some key points to consider:

• Contributions made before the tax filing deadline for the previous tax year can be deducted on that year's taxes.
• You must have been eligible to contribute to an HSA for the months in which you made the contributions.
• Make sure to keep records of your HSA contributions and consult with a tax professional to ensure proper deduction on your taxes.

Indeed, you can deduct your HSA contributions made before April 2018 when filing your 2017 taxes, which is an excellent opportunity to maximize your tax savings.