Can They Still Contribute to HSA for 2017 in Year 2019?

Have you been wondering if you can still contribute to a Health Savings Account (HSA) for the year 2017 in the year 2019? The answer is yes, but with certain conditions. An HSA allows individuals to save for medical expenses on a tax-advantaged basis. If you didn't max out your HSA contributions for 2017, you still have time to do so until the tax deadline, which is typically April 15th of the following year.

So, if you missed contributing the full amount to your HSA for 2017, you can make contributions until the tax deadline of 2019. However, keep in mind that your contributions are based on annual limits set by the IRS, which for 2017 are $3,400 for individuals and $6,750 for families. Also, if you are 55 or older, you can make an additional catch-up contribution of $1,000.

It's important to note that contributions made for a previous tax year should be clearly designated as such to the HSA provider. Make sure to inform them that the contribution is for the 2017 tax year, and not for the current year.

Wondering if you can still contribute to your Health Savings Account (HSA) for 2017 in 2019? The answer is yes! You have until the tax deadline of April 15th, 2019, to max out your contributions. This is a fantastic opportunity to take advantage of the tax benefits associated with HSAs, which allow you to save money for medical expenses in a tax-advantaged way.