What is the date for 2018 HSA contributions?

If you are looking to contribute to your Health Savings Account (HSA) for the year 2018, you must do so by the tax filing deadline of April 15, 2019. However, it's important to note that the contribution limits for 2018 are different based on whether you have an individual or family HSA.

For 2018, the contribution limits are as follows:

• Individual HSA: $3,450
• Family HSA: $6,900

Contributions to your HSA can be made through various means such as payroll deductions, direct contributions, or through a trustee-to-trustee transfer from an IRA or another HSA.

It's essential to maximize your HSA contributions as it offers tax advantages, including tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses.

If you're planning to make contributions to your Health Savings Account (HSA) for the year 2018, be aware that all contributions must be completed by the tax filing deadline of April 15, 2019. Remember, the contribution limits vary based on whether you hold an individual HSA or a family HSA.

Specifically, the contribution limits for 2018 are:

• Individual HSA: $3,450
• Family HSA: $6,900

To maximize your savings, you can fund your HSA through multiple avenues, including payroll deductions, direct deposits, or trustee-to-trustee transfers from an IRA or another HSA. It's beneficial to contribute as much as possible, as your HSA offers several tax benefits: contributions are tax-deductible, your account grows tax-free, and withdrawals for qualified medical expenses won't incur taxes.