What is the last day to make an HSA contribution for 2017?

As we approach the end of the year, many individuals may be wondering about the deadline for making Health Savings Account (HSA) contributions for 2017. For those who have an HSA or are considering opening one, it's essential to understand the timelines for contributions to maximize the benefits.

Contributions to an HSA for a particular tax year can typically be made until the tax filing deadline for that year, which is usually April 15th of the following year. However, for the tax year 2017, the deadline to contribute to your HSA is slightly different due to the calendar and weekends affecting the usual deadline.

The last day to make an HSA contribution for the 2017 tax year is April 17, 2018. This is because April 15, 2018, falls on a Sunday, and Emancipation Day (a legal holiday in the District of Columbia) is observed on April 16, 2018. Therefore, the deadline is extended to April 17 to allow taxpayers to make their contributions on time.

As the year draws to a close, it's common for individuals with Health Savings Accounts (HSAs) to ponder the deadline for making their contributions for 2017. To fully utilize the tax advantages of your HSA, knowing these timelines is crucial.

Generally, HSA contributions can be made up until the tax filing deadline, which is April 15 of the next year. For 2017, however, the deadline is unique: contributions must be made by April 17, 2018.

This extension arises because April 15, 2018, is a Sunday, and April 16 is Emancipation Day, a holiday in Washington D.C. Thus, to ensure you have ample time to contribute, the deadline is shifted to the following day. Mark your calendars!