How Long Can You Contribute to an HSA for 2017?

An HSA, or Health Savings Account, is a valuable financial tool that allows individuals to save money for medical expenses tax-free. One common question that arises is how long one can contribute to an HSA for a specific tax year, such as 2017.

For the year 2017, you can make contributions to your HSA up until the tax filing deadline, which is typically April 15th of the following year. This means you have until April 15, 2018, to contribute to your HSA for the 2017 tax year.

Some key points to remember about contributing to an HSA for 2017:

• Contribution Deadline: April 15, 2018
• Annual Contribution Limits: $3,400 for individuals and $6,750 for families
• Catch-Up Contributions: Individuals aged 55 or older can contribute an additional $1,000

It's important to note that contributions to an HSA are tax-deductible, and the funds can be used for qualified medical expenses at any time, even if you no longer have an HDHP (High Deductible Health Plan).

An HSA, or Health Savings Account, serves as a powerful financial asset that enables users to save for future medical expenses without the burden of taxes. If you filed taxes in 2017, it's essential to understand how long you can still contribute to your account. Contributions for the 2017 tax year can be made until April 15, 2018, which allows you some additional flexibility.