Can I Make 2017 Contributions to HSA Up to April 15, 2018?

Yes, you can contribute to an HSA for the previous tax year up until the tax filing deadline, which is typically April 15th of the following year. This means for the 2017 tax year, you have until April 15, 2018, to make contributions to your HSA account.

Contributing to your HSA allows you to save for qualified medical expenses on a tax-free basis while also providing potential tax benefits. Here are some key points to keep in mind:

• Contributions made after the tax deadline but before the filing deadline are considered as if they were made the previous year.
• The maximum HSA contribution limits for 2017 are $3,400 for individuals and $6,750 for families.
• Individuals aged 55 and older can make an additional catch-up contribution of $1,000.

Absolutely! You can contribute to your Health Savings Account (HSA) for the prior tax year until the tax filing deadline, which usually falls on April 15th of the following year. For example, if you're looking at the 2017 tax year, you can make contributions to your HSA until April 15, 2018.

This not only helps you cover qualified medical expenses with pre-tax dollars, but it also offers some fantastic tax advantages. Here are a few crucial aspects to consider:

• Any contributions made after the standard tax deadline—but before the extended filing deadline—are treated as if they were made in the previous year.
• The maximum contributions for HSAs for the year 2017 were capped at $3,400 for individuals and $6,750 for families.
• If you are 55 years or older, you can also add a catch-up contribution of an extra $1,000.