When can 2017 HSA contributions be made? - Everything You Need to Know

If you're wondering when you can make 2017 HSA contributions, you're not alone. Health Savings Accounts (HSAs) are a great way to save for medical expenses while reducing your taxable income. Here's everything you need to know about making contributions for the 2017 tax year.

For 2017 HSA contributions:

• The deadline for making 2017 HSA contributions is your tax filing deadline, which is typically April 15 of the following year. For the 2017 tax year, the deadline is April 17, 2018.
• You can make 2017 contributions until the tax filing deadline even if you've already filed your taxes. Be sure to note that the contributions are for the 2017 tax year.
• For the 2017 tax year, the maximum HSA contribution limits were $3,400 for individuals and $6,750 for families. If you were 55 or older, you could contribute an additional $1,000 as a catch-up contribution.

Contributing to your HSA before the deadline not only allows you to save on taxes but also helps you build a fund for future medical expenses. Take advantage of the benefits of an HSA by contributing before the deadline!

Did you know that you can continue to make contributions to your Health Savings Account (HSA) for the 2017 tax year even after you've filed your taxes? The deadline, which falls on April 17, 2018, is a great opportunity for those looking to maximize their savings.