Is it too late to contribute to 2017 HSA contributions?

As the deadline to file taxes approaches, many individuals are wondering if it's too late to contribute to their Health Savings Account (HSA) for the year 2017. The good news is that you still have time to make contributions to your HSA for the previous tax year, as long as you do so before the tax-filing deadline. For the tax year 2017, the deadline to contribute to your HSA is typically April 15th of the following year (unless the deadline falls on a weekend or holiday).

Contributing to your HSA before the deadline not only allows you to save on taxes but also helps you build a fund for future medical expenses tax-free. Here are some key points to consider:

• Check the specific deadline for the tax year 2017: Confirm the exact date for HSA contributions for the year in question to ensure you don't miss the deadline.
• Contribution limits: Be aware of the maximum contribution limits set by the IRS for individual and family coverage.
• Tax benefits: Contributions to your HSA are tax-deductible, reducing your taxable income for the year.
• Investment options: Explore the investment choices within your HSA to grow your savings over time.
• Roll over funds: Any unused funds in your HSA can be carried over to the next year, unlike a Flexible Spending Account (FSA).

So, if you haven't maxed out your HSA contributions for 2017, it's not too late to do so. Take advantage of the tax benefits and start building your medical savings for the future.

With the tax-filing deadline drawing near, many are asking the pressing question, 'Is it too late to contribute to my Health Savings Account (HSA) for 2017?' The answer is a resounding no! You can still make contributions to your HSA for 2017 up until the April 15th deadline (or the adjusted date if it lands on a weekend or holiday). This gives you a unique opportunity to enhance your savings for future medical expenses.