When Can You Contribute to HSA for 2018?

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare expenses and saving for the future. If you're looking to maximize your HSA contributions for the 2018 tax year, it's important to know the deadlines and eligibility criteria.

For 2018, you can contribute to your HSA until the tax filing deadline for that year, which is typically April 15 of the following year. This means you have until April 15, 2019, to make contributions for the 2018 tax year.

Here are some key points to keep in mind:

• Individuals can contribute up to $3,450 to their HSA for 2018, while families can contribute up to $6,900.
• If you are 55 or older, you can make an additional catch-up contribution of $1,000.
• Contributions are tax-deductible, meaning they can help lower your taxable income for the year.
• You must be enrolled in a high-deductible health plan (HDHP) to be eligible to contribute to an HSA.
• Employers can also contribute to their employees' HSAs, which can further boost savings.

By taking advantage of the HSA contribution limits for 2018, you can not only save on taxes but also build a financial safety net for future medical expenses. It's never too late to start utilizing the benefits of an HSA and secure your financial well-being.

Health Savings Accounts (HSAs) can be a game-changer when it comes to managing your healthcare expenses while also planning for the future. If you want to make the most out of your HSA contributions for the 2018 tax year, it is crucial to keep track of the contribution deadlines and eligibility criteria.