Can I Still Contribute to My HSA for 2018? - HSA FAQ

If you're wondering if you can still contribute to your Health Savings Account (HSA) for the year 2018, the answer is yes, there's still time! As long as you meet the eligibility criteria and haven't maxed out your contribution limit for the year, you can continue to contribute to your HSA.

HSAs offer a tax-advantaged way to save for medical expenses, and contributions to your HSA can be made until the tax deadline for the year, which is typically April 15th of the following year. So, if you're looking to maximize your tax savings and save for future healthcare expenses, contributing to your HSA is a smart move.

Here are some key points to consider when deciding whether to contribute to your HSA for 2018:

• Check your eligibility: Make sure you meet the HSA eligibility requirements, including being covered by a high deductible health plan (HDHP).
• Contribution limits: For 2018, the maximum contribution limits are $3,450 for individuals and $6,900 for families.
• Deadline: The deadline for contributing to your HSA for the 2018 tax year is April 15, 2019.
• Tax benefits: HSA contributions are tax-deductible, grow tax-free, and withdrawals for qualified medical expenses are also tax-free.
• Long-term savings: Unused HSA funds roll over year after year, allowing you to save for healthcare costs in retirement.

So, if you're able to contribute to your HSA for 2018 and haven't reached the contribution limits, consider making a contribution before the tax deadline to take advantage of the tax benefits and secure your financial future.

Yes, you can still contribute to your Health Savings Account (HSA) for the year 2018 up until the tax deadline!