What is the Deadline to Contribute to HSA for 2017?

As the end of the year approaches, many individuals are curious about HSA contributions for 2017. The deadline to contribute to your Health Savings Account (HSA) for the 2017 tax year is April 17, 2018. This extended deadline aligns with the tax filing deadline for that year.

If you have an HSA, it's essential to be aware of this deadline to maximize your contributions and potential tax savings. Here's some key information about HSA contributions:

• For 2017, individuals with self-only coverage can contribute up to $3,400, while those with family coverage can contribute up to $6,750.
• Individuals aged 55 and older can make an additional catch-up contribution of $1,000.
• Contributions made by the tax deadline are considered to be for the previous tax year.

Contributing to your HSA has various benefits, including tax advantages, potential investment growth, and funds that roll over year to year. By understanding the contribution deadlines and limits, you can make informed decisions about your healthcare finances.

As the year draws to a close, it's important to check your Health Savings Account (HSA) contributions for 2017. The deadline to make contributions for the 2017 tax year is April 17, 2018, which coincides with the tax filing deadline. This gives you a valuable opportunity to boost your savings and tax benefits.