Is It Too Late to Contribute to 2018 HSA? - Answering Your HSA Contribution Questions

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Can you still contribute for 2018?

As the year comes to a close, you may be wondering if it's too late to contribute to your Health Savings Account (HSA) for the 2018 tax year. The good news is, there's still time to make contributions to your HSA for 2018, as long as you do so before the tax-filing deadline.

As we approach the end of the year, many people wonder if they can still contribute to their Health Savings Account (HSA) for the 2018 tax year. The good news is that as long as you contribute before the tax-filing deadline, you can still make contributions to your HSA for 2018.

2018 HSA contribution deadline and limits

Here are some important things to know about contributing to your HSA for 2018:

• The deadline to contribute to your HSA for the 2018 tax year is typically April 15, 2019, or the date of your tax filing deadline, whichever comes first.
• For the 2018 tax year, you can contribute up to $3,450 for individual coverage or $6,900 for family coverage into your HSA.
• Contributions to your HSA are tax-deductible, meaning you can lower your taxable income for 2018 by making HSA contributions.

So, if you haven't maxed out your HSA contributions for 2018, it's not too late to do so. By contributing to your HSA before the tax deadline, you can still take advantage of the tax benefits that come with HSA contributions.