HSA Guide
Can I Still Put Money in HSA for 2017? Your Guide to Funding Your HSA Before the Year Ends
Published July 18, 2022
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If you're wondering whether you can still contribute to your HSA for the year 2017, the answer is yes! Health Savings Accounts (HSAs) are powerful tools that help you save and pay for medical expenses with tax benefits. To make the most of your HSA, here's what you need to know:
Contributions for the tax year 2017 can be made until the tax filing deadline for that year, usually April 15 of the following year. For 2017, the contribution limit for individuals is $3,400 and $6,750 for families. If you're 55 or older, you can make an additional $1,000 catch-up contribution.
Here's how you can still fund your HSA for 2017:
Steps to fund your HSA by deadline
- Review your current HSA balance and contributions for the year
- Calculate how much you can contribute before the deadline
- Make a contribution online or through your employer before the deadline
Tax advantages and rollover benefits
Contributing to your HSA not only helps you save on taxes but also builds a nest egg for future medical expenses. Remember that HSA funds roll over year after year, so you can use them whenever you need them.
As you plan your finances for the end of the year, don't forget to take advantage of your HSA and maximize your contributions for 2017. It's a smart way to save for healthcare costs and secure your financial future.
It's not too late to contribute to your HSA for 2017! These accounts are a fantastic way to save for medical expenses with added tax advantages. You can make contributions until the tax filing deadline of April 15, allowing you to maximize your savings.