Reduce last year?s tax bill even though the year is over.

You have until April 15 to make deductible contributions to an IRA and/or health savings account (HSA) for last year if you are eligible to do so. Action now can cut your tax liability for last year. Caution: Even if you obtain a filing extension for last year’s return, you do not get any additional time to put money into an IRA or HSA.