The HSA contribution allowed is calculated by taking the contribution maximum annual limit, then prorate by the months you are eligible.
- 2021 Maximum limit for self only plans is $3,600 and $1,000 catchup for 55 and older
Our awesome Tax Champ @Opus 17 give a great example
If you turn 65 during the month of November 2021, your Medicare coverage will start November 1, 2021. That means you would have ten months of eligibility during 2021 to contribute to an HSA, so your contribution limit is 10/12 of $3,600 ($3,000) + 10/12 of the $1000 ($833) catch-up contribution amount for a total of $3,833. It doesn’t matter when during the calendar year 2021 you actually make the contribution. It’s the dollar amount that counts, not the exact date of the contribution, as long as the contribution occurs during the 2021 tax year.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
