Can You Deduct HSA Contributions in 2018 if You Added Money in 2019?

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Deducting 2018 HSA contributions in 2019

If you're wondering whether you can deduct HSA contributions made in 2018 when you added money in 2019, the answer is no. This is because HSA contributions are tax-deductible only for the tax year in which they are made.

Many people ask if they can deduct HSA contributions made in 2018 when they added money in 2019, and unfortunately, the answer is no. The IRS only allows HSA contributions to be tax-deductible in the year they are contributed.

Rules for deductible HSA contribution years

Here are some key points to keep in mind:

• HSA contributions are deductible for the tax year in which the contributions are made.
• If you added money to your HSA in 2019, you can only deduct those contributions on your 2019 tax return.
• Contributions made in a different tax year cannot be retroactively deducted for a previous year.