2020 HSA Contribution Deadline Extended to May 17

According to a release from Navia Benefit Solutions and FlexBank, the IRS has just confirmed 2020 HSA Contributions may be accepted up to the filing deadline of May 17, 2021. These are HSA contributions made with after tax dollars (not pre-tax contributions made through payroll deduction). You’ll want to remember to deduct this contribution on your personal tax return.

Please note: This only applies to individuals who owned/contributed to an HSA in 2020. If your high deductible health plan/HSA started in 2021, you can ignore this memo.

Contact your Cornerstone representative with any questions.