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Deductions & credits
I think I am beginning to understand the calculations, but would you mind running through my scenario. It's basically the same thing but May 2020 is my Medicare start date.
My wife is also over 60, we were on the family HDP plan through April, then she went on individual HDP for the remainder of 2020.
I calculated
Myself to be 4/12 * $4550 = about $1516. (using 1/2 of $7100, plus $1000 for each of us)
My wife to be 12/12 * $4550 = $4550
But TurboTax is calculating maximum HSA contributions as:
Myself $2700 ( I'm assuming 4/12* $9100)
My wife at $5733 ( I this 8/12* $7100 +$1000?)
Can we make total contributions up to the TurboTax calculations amounts into our respective HSA accounts??
‎February 21, 2021
5:04 PM