Thanks for your advice Bill, I have additional questions.
You said "Because YOU went under Medicare in Nov 2020, the annual HSA contribution limit for your HSA is indeed zero. However, the annual HSA contribution limit for your spouse's HSA is $7,200"
My wife was not employed and she was under MY HDHP family plan for entire 2021. She opened her own HSA in March 2021 and contributed $25 only. Is the applicable HSA contribution limit for us (married join filing) is $5,400 ($7,200 x 9/12)?
TT regarded the entire contribution to my HSA in 2021 ($3,750) as "Other Income or Loss." I thought as long as the sum of "my contribution to my HSA" and "my wife's contribution to her HSA" is less than the limit ($5,400), it is nontaxable. Is my understanding wrong?
