As the tax filing deadline approaches, it’s a great time to double-check your retirement and savings contributions. Even though the calendar year has ended, you may still have time to make or complete contributions for 2025 which could lower your tax bill.
Below is a simple guide to the contribution deadlines for IRAs, Roth IRAs, SEP IRAs, and Health Savings Accounts (HSAs) — plus a few reminders to help you stay on track.
Key Deadlines at a Glance
For most individuals:
2025 Contribution Deadline:
April 15, 2026
This applies to:
- Traditional IRAs
- Roth IRAs
- SEP IRAs
- Health Savings Accounts (HSAs)
Even if you file your tax return early, you can still make contributions up until the tax filing deadline.
2025 Traditional IRA & Roth IRA Contribution Deadlines
Deadline: April 15, 2026
- IRA and Roth IRA Contribution Limit is $7,000 for 2025.
- Those 50 and older can also contribute an additional $1,000 as a catch-up contribution.
- If you have earned income, you might be eligible to contribute to an IRA or Roth IRA or make a back-door Roth contribution for 2025. The deadline for making contributions is tax filing or April 15, 2026, whichever is sooner.
Just be sure your contribution is designated for the 2025 tax year. Helpful reminders:
- Filing a tax extension does not extend the IRA contribution deadline.
- Eligibility and contribution limits depend on income and workplace retirement plan coverage.
- Contributions may provide tax savings now (Traditional IRA) or tax-free growth later (Roth IRA), depending on your strategy.
2025 SEP IRA Contribution Deadline
Deadline: April 15, 2026 or the extended due date of the business’s income tax return
SEP IRA Contribution Limits for 2025 are $70,000 or 25% of an employee’s compensation, whichever is less.
- SEP IRAs don’t offer catch-up contributions.
- You might be eligible to make a SEP IRA contribution for 2025. The deadline for making contributions is tax filing or April 15, 2026, whichever is sooner.
The SEP IRA contribution extension deadline is generally October 15th for sole proprietors and individuals who filed an extension, as it aligns with the extended personal tax return deadline. For partnerships and S-corporations that filed extensions, the deadline is typically September 15th.
Key details regarding the SEP IRA deadline:
- Without Extension: The deadline to establish and fund a SEP IRA is the tax return due date (including extensions), typically April 15 for individuals.
- With Extension (Sole Prop/C-Corp): Filing an extension (Form 4868) gives until October 15 to make contributions.
- With Extension (Partnerships/S-Corps): The extended deadline for these business entities is usually September 15.
- Final Deadline: The latest date for funding is the date you file your return, not to exceed the automatic 6-month extension.
2025 Health Savings Account (HSA) Contribution Deadline
Deadline: April 15, 2026
If you were eligible for an HSA in 2025, you can continue contributing toward your 2025 HSA limit until the tax filing deadline.
- HSA contribution limits for 2025 are $4,300 for self-coverage, and $8,550 for family coverage
- Individuals ages 55 or older can make an additional “catch-up” contribution of $1,000
Why HSAs are powerful:
HSAs offer a rare triple tax advantage, which can be a powerful strategy to fund retirement health care and non-health care related expenses using the appropriate strategy:
- Contributions are tax-deductible
- Growth is tax-deferred
- Withdrawals for qualified medical expenses are tax-free
For many families, this makes HSAs one of the most tax-efficient savings tools available.
Why These Deadlines Matter
These extra months give you:
- Time to fill contribution gaps
- A chance to reduce taxable income
- An opportunity to strengthen long-term retirement and healthcare planning
For busy corporate executives and small business owners, these deadlines offer valuable flexibility — especially if year-end planning got pushed aside.
A Simple Planning Tip
Before April 15 or filing your taxes, it can be helpful to review the following:
- How much you contributed in 2025 (see your statements, or if you are a One Life Financial Group client, the One Life Tax Letter that is emailed out to clients summarizing their tax activity).
- Whether you are maximizing available tax-advantaged savings
- How these contributions fit into your broader financial strategy
Small adjustments now can have a meaningful long-term impact.
Need Help?
If you’re unsure about:
- How much you can contribute
- Whether Roth or Traditional contributions make sense
- How HSAs fit into your tax and retirement strategy
If you’re not a current One Life Financial Group client, please request a consultation; we are happy to help! We’re here to help you enjoy your wealth today while feeling confident about your financial future.