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HSA Deadline

Tax day is rapidly approaching, which also means important deadlines regarding Health Savings Accounts (HSAs) are also rapidly approaching.

Maximize your contribution benefits by contributing the maximum amount for 2010. IRS guidelines allow you to contribute for 2010 until April 18, 2011. The maximum contribution limits for 2010 are $3,050 for single coverage and $6,150 for family coverage, regardless of the deductible amount. For those 55 and older, an extra $1,000 catch-up contribution can added to the overall contribution limit.

Be sure to clearly state (either online or on the check and contribution form) that their contribution is for 2010.