Can I Make a HSA Contribution in 2018 with No Income?

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HSA contributions require earned income

When it comes to making a Health Savings Account (HSA) contribution without any income in 2018, the answer is no. To contribute to an HSA, you must have earned income, such as wages from a job or self-employment. If you do not have any earned income, you are not eligible to make HSA contributions for that tax year.

Although it may be disappointing, if you have no earned income in 2018, you cannot contribute to a Health Savings Account (HSA). HSA contributions require an income source such as wage earnings or earnings from self-employment.

Spouse with earned income may contribute

However, if you have a spouse who has earned income, they may be able to make contributions to a family HSA on your behalf, as long as they meet the eligibility requirements.

Tax benefits and qualified withdrawals explained

It's important to note that HSA contributions are tax-deductible, can grow tax-free, and can be withdrawn tax-free for qualified medical expenses. So, if you are eligible to contribute to an HSA, it can be a valuable tool for saving and paying for healthcare expenses.