Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. If you're wondering about the time limit for HSA contributions in 2018, here's what you need to know.
In 2018, the deadline for making HSA contributions for the tax year was April 15, 2019. This deadline aligns with the tax filing deadline for that year, giving you some extra time to contribute to your HSA.
It's important to note that you can only contribute to your HSA for the previous tax year up until the tax filing deadline. For example, for the 2018 tax year, you could make contributions until April 15, 2019.
Contributing to your HSA before the deadline not only helps you save on taxes but also allows you to build up your savings for future medical expenses. Keep track of the deadlines to maximize the benefits of your HSA.
Health Savings Accounts (HSAs) are a fantastic tool to save not only for your immediate medical costs but also for your long-term health expenses while providing significant tax benefits. If you're curious about the specific time limit for making contributions for the year 2018, you’ll want to mark your calendars for April 15, 2019—the deadline for those contributions!
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