Can I Make HSA Contributions for Last Year?

Yes, you can make HSA contributions for last year as long as you meet certain criteria and deadlines. Health Savings Accounts (HSAs) are a great way to save money for medical expenses while enjoying tax benefits. If you want to make contributions for the previous year, here's what you need to know:

Criteria for Making HSA Contributions for Last Year:

• You must have been eligible to contribute to an HSA for the specific tax year.
• You didn't exceed the annual contribution limit for that year.
• You haven't already filed your taxes for that year.

Deadlines for Making HSA Contributions for Last Year:

• The deadline to make HSA contributions for the previous year is typically the tax filing deadline, which is usually April 15th (or the next business day if it falls on a weekend or holiday).
• If you request an extension to file your taxes, you have until the extended deadline to make HSA contributions for the previous year.

Remember, HSA contributions are tax-deductible, grow tax-free, and can be used for qualified medical expenses at any time. It's a smart way to save for healthcare costs both now and in the future.

Absolutely! If you've been wondering whether you can still make HSA contributions for last year, the answer is yes, provided you adhere to certain conditions and deadlines. Health Savings Accounts (HSAs) offer incredible advantages for managing your medical expenses while also providing tax benefits that help your savings grow.