Can I Still Make HSA Contributions for 2017?

As the end of the year approaches, you might be wondering if you can still make HSA contributions for 2017. The answer is yes, you have until the tax filing deadline, usually in mid-April of the following year, to make contributions for the previous tax year.

Here are some key points to keep in mind:

• You can contribute to your HSA for the 2017 tax year until the tax filing deadline in 2018.
• For 2017, the contribution limits were $3,400 for individuals and $6,750 for families.
• If you are 55 or older, you can make an additional catch-up contribution of $1,000.
• Contributions to your HSA are tax-deductible, meaning you can reduce your taxable income by the amount you contribute.
• Any contributions made by the tax filing deadline can be counted towards your 2017 taxes.

So, if you haven't maxed out your HSA contributions for 2017 yet, there's still time to do so before the deadline.

Wondering whether you can make HSA contributions for 2017? You're in luck! You have until the tax filing deadline in April 2018 to contribute to your HSA and maximize your savings for the prior year.