How Long Can I Contribute to HSA for 2017?

Are you wondering about your HSA contribution limits for 2017? Let's dive into the details!

Health Savings Accounts (HSAs) are a valuable tool for saving and paying for qualified medical expenses tax-free. If you have an HSA, you may be curious about how long you can contribute to it for the year 2017.

Here's what you need to know:

• You can contribute to your HSA for the 2017 tax year until the tax filing deadline, which is typically April 15 of the following year.
• For 2017, the annual contribution limits were $3,400 for individuals and $6,750 for families.
• If you were 55 or older in 2017, you were eligible to make an additional catch-up contribution of $1,000.
• Contributions to your HSA can be made either by you, your employer, or both, but the total contributions cannot exceed the annual limits.

It's important to keep track of your contributions to avoid any penalties for over-contributions. Make sure to consult with a tax advisor or financial planner if you have any questions about your HSA contributions.

If you're curious about your HSA contribution limits for the year 2017, it’s essential to know that you can contribute until the tax filing deadline, usually April 15 of the next year. Remember, Health Savings Accounts help you save on taxes when paying for medical expenses!