Can I Still Make a Contribution to My HSA for 2017?

If you're wondering whether you can still make a contribution to your Health Savings Account (HSA) for the year 2017, the answer is yes! It's important to understand the rules and deadlines to ensure you maximize your HSA benefits. Let's delve into the details to help you make informed decisions.

Here are some key points to consider:

• The deadline for making contributions to your HSA for 2017 is typically the tax filing deadline of the following year, which is usually April 15th.
• For the tax year 2017, the maximum contribution limits are $3,400 for individuals and $6,750 for families. If you're 55 or older, you can make an additional
  

  If you’re still considering whether to contribute to your Health Savings Account (HSA) for the year 2017, you’ll be pleased to know that there’s still time! Understanding the contribution rules and the deadlines can help you optimize your financial health.

  Here are some essential details:

  • The contribution deadline for your HSA for 2017 is generally aligned with the tax filing deadline, which is usually April 15th of the following year.
  • For 2017, the contribution limits are capped at $3,400 for individuals and $6,750 for families. Additionally, individuals aged 55 and above can contribute an extra amount as a catch-up contribution.
  • Remember, contributions can be made until the deadline, even if you’ve already filed your taxes, giving you ample time to maximize your savings.