When it comes to contributing to your Health Savings Account (HSA), it's essential to understand the rules and limitations. One common question that arises is whether you can make an HSA contribution in 2019 for the previous year, 2018.
Unfortunately, you cannot make an HSA contribution for the previous year once the tax filing deadline has passed. For the tax year 2018, the deadline was April 15, 2019. Therefore, you cannot contribute to your HSA for 2018 after this date.
If you're considering making a contribution to your Health Savings Account (HSA) for the 2018 tax year in 2019, it’s crucial to understand the specific IRS guidelines regarding this. HSAs are powerful savings tools that not only help you manage immediate healthcare expenses but also allow you to build a nest egg for future medical costs.
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