When Can I Deposit Money to Use on My 2018 HSA Account?

If you have a Health Savings Account (HSA) for the year 2018, you might be wondering when you can deposit money to use for that year. With an HSA, you can contribute funds to help cover your medical expenses, but there are specific timelines and rules regarding when these deposits can be made.

When it comes to depositing money into your HSA for the 2018 tax year, you generally have until the tax filing deadline in April of the following year. This means you typically have until April 15, 2019, to make contributions for the 2018 tax year.

It's important to note that maximizing your contributions early in the tax year can allow your funds more time to grow tax-free. Additionally, contributions made by your employer are often spread out over the calendar year through payroll deductions.

If you have a Health Savings Account (HSA) for the year 2018, the good news is that you can make deposits until the tax filing deadline in April of the following year. This means you have until April 15, 2019, to contribute to your HSA for 2018, giving you a little extra time to plan your finances.