Can I Put Money into a HSA Account Before the End of 2017?

If you are looking to maximize your HSA savings before the end of 2017, you may be wondering whether you can still contribute to your account. The good news is that the deadline for making contributions to your HSA for a particular tax year is typically April 15 of the following year.

So, for the year 2017, you have until April 15, 2018, to contribute funds to your HSA. This gives you some extra time to make contributions and take advantage of the tax benefits that come with an HSA.

Contributing to your HSA before the end of the year is a smart financial move. By doing so, you can:

• Lower your taxable income
• Save money on taxes
• Build up your HSA balance for future healthcare expenses

Remember, the contribution limits for 2017 are $3,400 for individuals and $6,750 for families. If you are 55 or older, you can contribute an additional $1,000 as a catch-up contribution.

So, if you haven't maxed out your HSA contributions for 2017, there's still time to do so before the April 15 deadline. Consult with your HSA administrator or financial advisor to ensure you are making the most of your HSA benefits.

If you're trying to make the most of your Health Savings Account (HSA) before the end of 2017, the good news is that you have until April 15, 2018, to make those contributions. This means there's still time to bolster your savings and enjoy the associated tax benefits.