How to Make an Over 55 Catch-Up Contribution to 2018 HSA?

Are you age 55 or older and want to make additional contributions to your Health Savings Account (HSA) for the 2018 tax year? You're in luck! Here's how you can make an over 55 catch-up contribution to your HSA:

1. Verify Your Eligibility: Ensure you are at least 55 years old by the end of the tax year.
2. Check Your HSA Balance: Confirm that you have not exceeded the annual contribution limit for 2018.
3. Contribution Limit: For 2018, the maximum catch-up contribution for individuals aged 55 and older is $1,000 on top of the regular contribution limit.
4. Make a Payment: Contact your HSA provider to make the additional catch-up contribution before the tax filing deadline for the 2018 tax year.

By following these simple steps, you can take advantage of the catch-up contribution option available to individuals aged 55 and older with an HSA. Secure your financial future and enjoy the tax benefits that come with contributing to your HSA.

Are you age 55 or older and looking to boost your Health Savings Account (HSA) contributions for the 2018 tax year? Fortunately, you can take advantage of the over 55 catch-up contribution! Follow these steps to make the most of this opportunity.

1. Verify Your Eligibility: Before contributing, double check that you are at least 55 years old by the end of 2018.
2. Check Your HSA Balance: Make sure you've not exceeded the regular annual contribution limit, which is vital for understanding how much more you can put in.
3. Contribution Limit: For the 2018 tax year, seniors aged 55 and older can contribute an extra $1,000 as a catch-up contribution on top of the standard limit.
4. Make a Payment: Reach out to your HSA provider to process this additional contribution before the tax filing deadline to benefit from the tax advantages.

Seizing this catch-up contribution option not only helps in maximizing your healthcare savings but also gives you more flexibility in managing your medical expenses. Start planning today!