Can I Make a 2017 Contribution to My HSA Still? - Everything You Need to Know

If you're wondering whether you can still make a 2017 contribution to your HSA (Health Savings Account), you've come to the right place. Let's dive into the details to help you understand your options.

As per the IRS guidelines, the deadline to make contributions to your HSA for a specific tax year is the tax filing deadline for that year, typically April 15th of the following year. Here are the important points you need to know:

• You can make a contribution to your HSA for the 2017 tax year as long as it is before the tax filing deadline in 2018.
• The contribution limit for individuals in 2017 was $3,400, and for families, it was $6,750.
• For individuals aged 55 and older, an additional catch-up contribution of $1,000 is allowed.
• Contributions to your HSA are tax-deductible, meaning you can lower your taxable income by contributing to your HSA.

It's essential to check with your HSA provider to ensure they accept contributions for the previous tax year. Some providers may have specific deadlines or requirements for making retroactive contributions. If you have already filed your taxes for 2017, you may need to file an amended return to reflect your HSA contributions.

Are you still curious about making a 2017 contribution to your Health Savings Account (HSA)? The good news is that you may still have the opportunity to contribute, provided you act before the tax filing deadline. Let's delve deeper into what that means for you!