What is the deadline for HSA contributions 2017?

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. If you have an HSA or are thinking about opening one, one important aspect to be aware of is the contribution deadline for tax year 2017.

The deadline for HSA contributions for 2017 is April 17, 2018. This deadline is in line with the tax deadline for that year, which was extended due to a holiday.

Here are some key points to remember about HSA contributions:

• For tax year 2017, you have until April 17, 2018, to make contributions to your HSA.
• You can contribute up to the annual maximum limit set by the IRS for that year.
• Contributions to your HSA are tax-deductible and can help lower your taxable income.

It's essential to keep track of the contribution deadlines to maximize your HSA benefits and ensure you are making the most of this valuable savings tool. If you have any questions about HSA contributions or need assistance, don't hesitate to reach out to your HSA provider or financial advisor.

Health Savings Accounts (HSAs) are a fantastic option for those looking to offset medical expenses while benefiting from tax savings. Understanding the contribution deadline is crucial if you want to maximize the use of your HSA.

For the 2017 tax year, the deadline to make contributions was April 17, 2018. This date aligns with the general tax deadline, which was extended that year.

Remember these important aspects regarding your HSA contributions:

• You have up until April 17, 2018, to make contributions for tax year 2017.
• The IRS has set an annual contribution limit, which you can strive to meet for added savings.
• Additionally, contributions to your HSA are tax-deductible, thereby reducing your taxable income.

Being mindful of these contribution deadlines helps you maximize your HSA benefits. Don’t hesitate to contact your financial advisor or HSA provider if you have any uncertainties around your contributions.