How to Make HSA 2017 Contribution in 2018

If you missed making Health Savings Account (HSA) contributions for the year 2017, there is still a way to catch up even in 2018. Here’s a step-by-step guide on how to make HSA contributions for the previous year in the current year:

1. Ensure Eligibility: Make sure you were eligible to contribute to an HSA in 2017.
2. Contribution Limits: Check the contribution limits for 2017, which are $3,400 for individuals and $6,750 for families.
3. Deadline: The deadline for making HSA contributions for the previous tax year is usually April 15th of the following year.
4. Contribution Process: Contact your HSA provider and inform them that you want to make a contribution for the 2017 tax year.
5. Documentation: Provide any required documentation to prove that the contribution is for the previous year.
6. Report on Taxes: When filing your taxes for the current year, report the HSA contribution for the previous year separately.

If you missed making contributions to your Health Savings Account (HSA) for the year 2017, don’t worry! You can still catch up even during 2018. Here’s a detailed guide on how you can make contributions for the previous year while ensuring you maximize your healthcare savings!