Deductions & credits

Hello NCperson;

Upon further investigation, I came across the IRS instructions for Form 8889 (HSA) and in that document is a worksheet called "Line 3 Limitation Chart & Worksheet". That worksheet walks thru how much I could contribute each month to an HSA. In any month that I am covered by Medicare, that amount is 0.

In a year where I had a high deductible plan in the whole year, I could make the entire yearly allowable amount in one month, or spread it out over 2 or more months. Same is true if I was only eligible for an HSA for 9 months.

Sincerely;

Michelle