Most taxpayers have until April 15, 2026—the standard filing deadline—to make 2025 IRA and HSA contributions, unless the IRS later extends it for a holiday or disaster relief.

Even though the calendar now reads 2026, you may still have time to boost your 2025 tax savings. Certain retirement and health accounts allow “prior-year” contributions up to the April 15, 2026 filing deadline. This article highlights key opportunities for IRAs, HSAs, and similar accounts, with a focus on what’s most relevant for typical Maryland taxpayers.

• Why Prior-Year Contributions Matter in Early 2026

  Early 2026 is more than just “cleanup time” for 2025—it’s also a final planning window. For many taxpayers, prior-year contributions can:

  • • Lower 2025 taxable income, potentially reducing federal and Maryland tax.
  • • Build long-term savings in tax-advantaged accounts.
  • Help you catch up if 2025 was a busy or unusual year and you didn’t contribute as much as planned.

   

  The key is knowing which accounts allow 2025 contributions up to the April 15, 2026 filing deadline and how those contributions interact with your income and deductions.

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  Traditional and Roth IRA Contributions for 2025

  For 2025, the IRS has set the following IRA contribution limits (across all traditional and Roth IRAs combined):

  • • Up to $7,000 if you are under age 50.
  •  • Up to $8,000 if you are age 50 or older (this includes a $1,000 catch-up contribution).

   

  You generally have until April 15, 2026 to make contributions that count toward your 2025 IRA limit. When you contribute in early 2026, be sure to designate the contribution for tax year 2025 with your custodian.

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  Deductibility and Roth Eligibility

  Whether your traditional IRA contribution is deductible depends on your income, filing status, and whether you (or your spouse) are covered by a workplace plan. Roth IRA contributions are also subject to income-based phaseouts.

   

  Because these thresholds change over time and can be complex, it’s often best to:

  • • Talk with AllTax about your 2025 income picture before making large IRA contributions.
  •  • Coordinate IRA decisions with other tax moves, such as Roth conversions or employer plan contributions.
  •  • Relevant thresholds are published annually in IRS guidance and Pub. 590‑A.

   

  Health Savings Account (HSA) Contributions for 2025

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  If you were covered by an eligible high-deductible health plan (HDHP) in 2025, you may also be able to make additional 2025 contributions to a Health Savings Account (HSA) up to the April 15, 2026 deadline.

   

  For 2025, published IRS guidance indicates the following HSA contribution limits:

  •  • Self-only HDHP coverage: Up to $4,300.
  •  • Family HDHP coverage: Up to $8,550.
  •  • Catch-up contributions: An additional $1,000 if you were age 55 or older in 2025.

   

  Actual eligibility and limits depend on:

  •  • Your HDHP coverage type and how long you were covered in 2025.
  •  • Whether your employer already contributed to your HSA.
  • • HSA eligibility is determined on a month‑by‑month basis. In general, you must be covered by an HSA‑eligible high‑deductible health plan on the first day of a month to be eligible for that month’s contribution, and annual contribution limits may be prorated based on the number of eligible months, unless an exception such as the last‑month rule applies.

   

  HSA contributions are generally above-the-line deductions, which means they can lower your federal and Maryland taxable income even if you don’t itemize deductions.

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  Other Accounts to Consider 👉

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• Depending on your situation, you may have additional options, including:

  •  • SEP IRAs for self-employed taxpayers: If you are self-employed or own a small business, you may be able to make 2025 SEP IRA contributions later in 2026, particularly if you extend your return. The limits and deadlines are different from traditional IRAs and should be reviewed carefully.
  •  • Solo 401(k) plans: If you sponsor a solo 401(k), the employer profit‑sharing portion is often fundable by the tax filing deadline (including extensions), but employee deferrals can have earlier election/timing requirements depending on how the business is structured.

   

  These business-related plans have more complex rules and interact with your business income, so it’s essential to review them with a professional.

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  Coordinating Contributions With Your Overall Tax Picture

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  Before you rush to write a check, step back and look at how these contributions fit into your broader 2025 and 2026 planning:

  • ☑️Cash flow: Will making a 2025 contribution now leave you overextended heading into the rest of 2026?
  • ☑️Tax brackets: Are you in a year of unusually high or low income that makes additional deductions more valuable—or less necessary—than usual?
  • ☑️Maryland impact: Because Maryland generally begins with federal income and then applies its own rules, reducing your federal taxable income with IRA or HSA contributions often reduces your Maryland tax as well.
  • ☑️Future goals: Would you benefit more from pre-tax savings now, or from tax-free growth later (for example, via Roth contributions where eligible)?

   

  A coordinated plan can turn these last-minute moves into a meaningful long-term benefit rather than just a one-time tax reduction.

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  How AllTax Can Help You Use This Window Wisely

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  AllTax can help you evaluate:

  •  • How much room you still have under the 2025 IRA and HSA limits.
  •  • Whether additional 2025 contributions are deductible or advisable given your income and Maryland situation.
  •  • How different contribution levels would affect your expected 2025 federal and Maryland tax.