Can I Still Contribute to HSA for 2017? - Your Guide to HSA Contributions

If you're wondering whether you can still contribute to your Health Savings Account (HSA) for the year 2017, the short answer is yes! HSA contributions for a particular year can be made up until the tax filing deadline for that year, typically April 15 of the following year.

Contributing to your HSA is a great way to save for current and future medical expenses while enjoying tax advantages. Here's what you need to know:

• You can contribute to your HSA for the 2017 tax year until April 15, 2018.
• The contribution limits for 2017 are $3,400 for individuals and $6,750 for families.
• If you're 55 or older, you can contribute an additional $1,000 as a catch-up contribution.
• Contributions made by the tax filing deadline can be used to reduce your taxable income for the previous year.
• Keep in mind that contributions made after the tax filing deadline will count towards the next tax year.

Remember that HSA funds roll over from year to year, so any unused funds in your account will continue to grow tax-free for future medical expenses. By contributing to your HSA, you're not only saving for healthcare costs but also building a fund for your long-term health and financial well-being.

If you're curious about whether you can still contribute to your Health Savings Account (HSA) for the year 2017, the answer is a resounding yes! You have the opportunity to make HSA contributions up until the tax filing deadline, which typically falls on April 15 of the following year.