When Can You Make an HSA Contribution for 2018?

Planning your healthcare finances can be a daunting task, but with the help of a Health Savings Account (HSA), you can set money aside for medical expenses while enjoying tax benefits. If you're wondering about making an HSA contribution for the year 2018, here's what you need to know:

For the tax year 2018, you have until the tax filing deadline of April 15, 2019, to make contributions to your HSA for the previous year. This means you can make an HSA contribution for 2018 up until the tax deadline for that year.

Contributions made before the tax deadline can be counted towards reducing your taxable income for the year 2018, ultimately lowering your tax liability. It's important to note that the contribution limits for 2018 are $3,450 for individuals and $6,900 for families.

Being aware of the deadline to make HSA contributions can help you maximize your tax-saving opportunities and better plan for future medical expenses. Consider contributing to your HSA before the deadline to make the most of its benefits.

Are you considering how to best handle your healthcare expenses? A Health Savings Account (HSA) could be your answer! For those looking to make contributions for the tax year 2018, it's essential to know that the deadline to contribute is April 15, 2019. This allows you to potentially lower your taxable income and, consequently, your tax bill.