HSA Guide
When Can I Donate to an HSA for 2017? | HSA Awareness
Published October 22, 2024
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If you are looking to make contributions to your Health Savings Account (HSA) for the year 2017, there are important deadlines to keep in mind. To ensure you maximize your HSA benefits for the tax year 2017, here are some key points to consider:
- Contributions can be made up until the tax filing deadline for the year, typically April 15th of the following year.
- For 2017, you can make contributions anytime between January 1, 2017, and the tax filing deadline in 2018.
- If you have a High Deductible Health Plan (HDHP) for the entire year, you can contribute up to the annual HSA contribution limit set by the IRS.
- For 2017, the contribution limits are $3,400 for individuals and $6,750 for families.
- If you are 55 years or older, you can make an additional catch-up contribution of $1,000.
It's important to keep in mind that contributions made after the tax filing deadline will count towards the next tax year and may not be applicable for the previous year's tax deductions. Make sure to consult with a financial advisor or tax professional to understand your personal contribution limits and deadlines.
If you are planning to make contributions to your Health Savings Account (HSA) for 2017, knowing the important deadlines is crucial for maximizing your tax benefits. Remember, contributions can be made until the tax filing deadline, which typically falls on April 15th of the following year.