How Do I Contribute to My HSA for 2018?

Contributing to your Health Savings Account (HSA) for the year 2018 is a great way to save for your healthcare expenses while enjoying tax benefits. Here's how you can contribute to your HSA for 2018:

1. Contribute through your employer: You can have contributions deducted directly from your paycheck and deposited into your HSA.
2. Contribute on your own: You can make a manual contribution to your HSA through online transfer, mail, or in-person deposits.
3. Contribution limits: For 2018, the maximum contribution limits are $3,450 for individuals and $6,900 for families. If you are 55 or older, you can make an additional catch-up contribution of $1,000.
4. Deadline: You can contribute to your HSA for 2018 until the tax filing deadline, which is usually April 15 of the following year.
5. Tax benefits: Contributions to your HSA are tax-deductible, grow tax-free, and withdrawals for qualified medical expenses are also tax-free.

To contribute to your Health Savings Account (HSA) for 2018, consider starting with contributions through your employer. Many employers offer HSA as part of their health benefits, allowing you to conveniently deduct contributions from your paycheck.