BillM223
Expert Alumni

Get your taxes done using TurboTax

It would be allowed only if one of you were 50+ AND one of you had Family coverage on your HDHP, otherwise, your annual HSA contribution limit is $7,300 under a Family HDHP plan (which covers both of you, no matter how many children you have). If one of you were 50+, then you could contribute an extra $1,000 to that person's HSA (up to $8,300).

 

When you do your tax return in TurboTax and make all the entries, TurboTax will almost certainly report that you have excess HSA contributions. It will ask you if you want to withdraw the excess (you should if you can). Otherwise, you carry over the excess to 2023, and get dinged 6%, and then you still need to reduce your contributions in 2023, to allow the carryover amount to be used in 2023.

 

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