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2014 HSA funding deadline?
12-31-2014, 06:45 AM
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#1
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Recycles dryer sheets
Join Date: Jan 2010
Posts: 442
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2014 HSA funding deadline?
<hangs head in embarrassment>
Oops, I haven't set up and funded an HSA -- and my 2014 policy was HSA eligible (as will be my 2015 plan).
Is this something I have to by 12/31 (EOD? Market Close) or do I have until 4/15/15 to set up and fund the 2014 HSA?
TIA --
BarbWire
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12-31-2014, 07:12 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,373
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Not totally sure, but I think today is the day.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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12-31-2014, 07:27 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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IRS Publication 969 says you have until April 15 to make contributions to your HSA. I couldn't see any requirement/deadline on opening a HSA.
__________________
Numbers is hard
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12-31-2014, 07:37 AM
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#4
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Recycles dryer sheets
Join Date: Jan 2010
Posts: 442
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OK -- might be a quick trip to Bank of America or the Credit Union as a starting point just to get it done, until I can figure out a better place to transfer the HSA to.
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12-31-2014, 07:40 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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I have never seen a deadline posted for opening an HSA account either.
You can have until April 15 2015 to put in the contributions for 2014.
__________________
Retired since summer 1999.
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12-31-2014, 08:00 AM
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#6
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,722
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The only account related deadline I am familiar with is only those medical expenses incurred after opening the HSA account are eligible for tax-free withdrawals.
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12-31-2014, 08:30 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,373
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 Quote:
Originally Posted by pb4uski
Not totally sure, but I think today is the day.
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I stand corrected.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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12-31-2014, 09:07 AM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Quote:
Originally Posted by MichaelB
The only account related deadline I am familiar with is only those medical expenses incurred after opening the HSA account are eligible for tax-free withdrawals.
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Right - that is a very important deadline.
__________________
Retired since summer 1999.
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12-31-2014, 09:09 AM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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FOUND AN ANSWER!
Bank of America says you can open and fund an HSA for the prior calendar year until you file your income taxes or until the tax deadline (generally April 15) – whichever comes first.
Can I open an HSA for the prior calendar year?–Bank of America
__________________
Retired since summer 1999.
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12-31-2014, 09:15 AM
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#10
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Recycles dryer sheets
Join Date: Jan 2010
Posts: 442
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HOORAY! Audreyh1 -- you're a hero!
One last thing to do today which is good -- looks like I might have to take my 91 yr old father to the doc for possible aspiration pneumonia. His home health nurse just left and said to make the appointment.
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