BillM223
Expert Alumni

Deductions & credits

@bjv

 

The annual HSA contribution limit for 2019 is $7,000, plus a $1,000 if the owner of the HSA is 55 or over.

 

NOTE: HSAs are owned by the individual, not jointly (like IRAs). Therefore a single HSA cannot have $2,000 extra. Instead, the $1,000 is added to the limit of each person's HSA. Another way to say this is that while it is true that a family unit both 55+ can contribute a total of $9,000, at least $1,000 must go into each HSA. 

 

This means that the maximum for each HSA in this context is $8,000. And since form 8889 is printed for each taxpayer, the $8,000 limit on form 8889 is correct.

 

Remember, there is no such thing as a joint HSA, nor a joint 8889. 

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