When do you make HSA contributions for 2017?

Health Savings Accounts (HSAs) offer individuals a tax-advantaged way to save money for medical expenses. When it comes to making HSA contributions for 2017, there are certain deadlines and rules to keep in mind.

Here are some key points to remember:

• For the tax year 2017, you can make HSA contributions up until the tax filing deadline for that year, which is usually April 15 of the following year.
• Contributions made by the tax filing deadline can be counted towards your 2017 HSA contribution limit.
• It's essential to ensure that your contributions do not exceed the annual contribution limit set by the IRS for that year.
• For 2017, the annual contribution limit for individuals was $3,400, and for families, it was $6,750.
• If you are eligible to make catch-up contributions (age 55 or older), you can contribute an additional $1,000 for 2017.

By understanding the deadlines and limits for HSA contributions, you can maximize the benefits of your account and ensure compliance with IRS regulations.

Health Savings Accounts (HSAs) are a fantastic resource for individuals looking to save money on healthcare expenses while enjoying tax benefits. Remember, for tax year 2017, contributions can be made until the tax filing deadline, typically April 15 of 2018.