When Can I Add to an HSA for 2018? - Important Information for Health Savings Accounts

If you're wondering when you can add to an HSA for 2018, here's what you need to know. HSA contributions for the 2018 tax year can be made until the tax filing deadline for that year. For most people, this deadline is April 15, 2019. It's essential to understand the rules and limits surrounding HSA contributions to maximize the benefits of this tax-advantaged account.

Some key points to keep in mind:

• You must be covered by a high-deductible health plan (HDHP) to qualify for an HSA.
• For 2018, the contribution limits are $3,450 for individuals and $6,900 for families.
• If you're 55 or older, you can make an additional catch-up contribution of $1,000.
• Contributions are tax-deductible, reducing your taxable income for the year.

By contributing to an HSA, you can save for current and future medical expenses while enjoying tax benefits. It's a valuable tool for managing healthcare costs and planning for the future. Remember to keep receipts for qualified medical expenses to ensure tax-free withdrawals when needed.

Wondering when to add to your HSA for 2018? You're not alone! HSA contributions can be made until the tax filing deadline, which for most is April 15, 2019. Understanding the contribution rules allows you to maximize the benefits of your health savings account.