Health Savings Accounts (HSAs) are a valuable tool for saving money on medical expenses while also reducing your taxable income. For the year 2017, the annual deadline for making contributions to your HSA is April 18, 2018. This extension is due to the Emancipation Day holiday falling on April 16, 2018, which pushes the tax deadline to the following business day.
Contributions made before the deadline can be deducted from your taxable income for the previous tax year, which can result in significant tax savings. It's important to take advantage of this deadline to maximize the benefits of your HSA.
Health Savings Accounts (HSAs) are an excellent investment for your healthcare needs, allowing you to contribute pre-tax dollars while saving for medical expenses. Remember, for 2017, the deadline to contribute is April 18, 2018, due to the Emancipation Day holiday, allowing you to deduct these contributions from your taxable income during tax season.
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