Can I Still Put an HSA Contribution in for 2018? - Your HSA Contribution Guide

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Timing and deadline for 2018 HSA

If you're wondering whether you can still make an HSA contribution for the year 2018, the short answer is yes, in some cases you can. HSA contributions for a given tax year can typically be made up until the tax filing deadline for that year, usually April 15th of the following year.

Yes, if you’re wondering about making HSA contributions for 2018, the answer is an emphatic yes! As a taxpayer, you have the chance to contribute right up until the tax filing deadline, which falls around April 15th of the following year.

Eligibility, limits, and tax reporting

However, it's essential to consider a few key points before making a contribution:

• Check your eligibility: To contribute to an HSA for 2018, you must have been enrolled in an HSA-qualified high deductible health plan (HDHP) for the entire year.
• Contribution limits: For 2018, the maximum HSA contribution limits were $3,450 for individuals and $6,900 for families. If you're 55 or older, you could contribute an additional $1,000 as a catch-up contribution.
• Employer contributions: If your employer contributes to your HSA, those contributions are also considered in the annual limit. Make sure to account for any employer contributions when determining your remaining contribution room.
• Tax implications: HSA contributions are tax-deductible, meaning they can lower your taxable income for the year. Be sure to report your contributions correctly on your tax return to benefit from the tax advantages.

Conclusion and advice for contributions

If you meet the eligibility criteria and have contribution room within the limits, you can still make an HSA contribution for the 2018 tax year. It's always a good idea to consult with a tax professional or financial advisor for personalized guidance based on your specific situation.