What is the deadline for 2019 HSA contributions?

Health Savings Accounts (HSAs) are a valuable tool for saving money on medical expenses, but it's important to know the deadlines for contributing to them. For the tax year 2019, the deadline for making contributions to your HSA is April 15, 2020. This deadline aligns with the annual tax filing deadline, giving you extra time to top up your HSA account.

Contributions made to your HSA up to the deadline can be deducted from your taxable income for the 2019 tax year, providing you with potential tax savings. It's advisable to max out your HSA contributions if you can, as the funds roll over from year to year, earning interest and staying available for future medical expenses.

Health Savings Accounts (HSAs) are not just a smart savings tool for qualified medical expenses; they also offer significant tax advantages. For the tax year 2019, remember that the deadline for HSA contributions is April 15, 2020. This gives you ample opportunity to contribute and reduce your taxable income for the year.