HSA Contributions

3 replies
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I am turning 65 on 12/20/23. I recently signed up for Medicare and it will start on 12/1/23. I have contributed $4400 as of 10-31-23. I am married and I would like to contribute the maximum to my HSA while I still can. Can I contribute the maximum by 11-30-23 and use this as a tax deduction for this year?

Anonymous_

Level 15

I'll page @dmertz, but I believe you need to stop contributions once you enroll.

Mike9241

Level 15

you have told us nothing about your spouse - his age?, covered by medicare?, has his own HSA?, covered by HDHP? type of HDHP you have self-only or family.?

however, for self-only coverage, you can only contribute 11/12 of the max for 2023. the max is $4850

so 11/12 would be 4446.

Mike9241

dmertz

Level 15

You have until April 15, 2024 to make the contribution for 2023, but as others have said your contribution is not permitted to be more than 11/12 of the regular annual maximum.