When Must 2017 HSA Contributions Be Made?

Contributions to a Health Savings Account (HSA) for the tax year 2017 can typically be made until the tax filing deadline for that year, which is usually April 15th of the following year. However, there are some exceptions to keep in mind:

- If you have an HSA-eligible health insurance plan in place by December 1st of the tax year, you can make contributions for that year up until the tax filing deadline, typically April 15th.

- If you reach the age of 55 by the end of the tax year, you are allowed to make an additional catch-up contribution to your HSA.

It's important to note that the contribution limits for HSAs are set by the IRS each year. For 2017, the contribution limit for individuals was $3,400 and for families was $6,750.

Make sure to consult with a tax professional or financial advisor to ensure you are following the IRS rules and deadlines for HSA contributions.

Did you know that contributions to a Health Savings Account (HSA) for 2017 can be made until the tax filing deadline, usually April 15th of the following year? This allows you a bit more time to maximize your contributions and savings for future healthcare expenses.