Can You Still Fund an HSA for 2017 Now?

If you're wondering whether it's still possible to fund your Health Savings Account (HSA) for the year 2017, the answer is yes! Even though the tax deadline for filing your 2017 taxes has passed, you can continue to contribute to your HSA until the tax filing deadline for the year.

An HSA is a great way to save for medical expenses while enjoying tax benefits. It offers a triple tax advantage - contributions are tax-deductible, earnings grow tax-free, and withdrawals for qualified medical expenses are tax-free.

Here are some key points to consider regarding funding your HSA for 2017:

• You have until the tax filing deadline (typically April 15) for the year in question to contribute to your HSA for that tax year.
• You can still make contributions for 2017 even if you have already filed your taxes.
• For 2017, the contribution limits were $3,400 for individuals and $6,750 for families. If you were 55 or older, you could contribute an additional $1,000 as a catch-up contribution.
• Contributions made between January 1 and April 15 can be designated for the previous year as long as you indicate the tax year for which the contribution is intended.
• Consult with your financial advisor or HSA provider to ensure you follow the rules and make the most of your HSA contributions.

Don't miss out on the opportunity to maximize your HSA savings for 2017. It's not too late to contribute and benefit from the tax advantages it offers!

Are you still unsure whether you can contribute to your Health Savings Account (HSA) for 2017? The good news is, absolutely! You can continue to make contributions for 2017 as long as you're before the tax filing deadline, usually April 15.