When both spouses are over 55 before the tax filing deadline, each can contribute an additional $1,000 to their HSA accounts, raising the limit to $9,300 for 2022. True?

[archi-dad]

I believe this is true, but when I enter the $1,000 for my wife on top of my $8,300, Quicken says that we should withdraw it to avoid penalty. Why? Could it be because my wife turned 55 in January of this year?

[DavidD66]

Eligible individuals, 55 or older, can contribute an additional catch-up contribution of $1,000 per year. If your spouse is also 55 or older, he or she may establish a separate HSA and make a “catch-up” contribution to that account.  If you are 55 by year end, you are 55 for this purpose.  If you have a Family HSA, only you can contribute an additional $1,000 to that plan.    

[archi-dad]

Thanks. I realize now that the issue is that my wife was not 55 at the end of the year (2022). Since she turned 55 in January of this year (2023), she isn't eligible for the $1,000 catch-up in her own HSA. I had been told incorrectly that she was eligible as long as she turned 55 by the tax filing deadline in April.