Max HSA contribution?

hsabaffled — Wed, 05 Jun 2019 22:07:53 GMT

2017, both 63+, joint high deductible health insurance Jan to Oct. Nov - Dec, I switched to Medicare, my spouse switched to individual high deductible health insurance. What is the max contribution for each HSA?

TurboTax calculates your maximum contributions as 10/12...

dmertz — Wed, 05 Jun 2019 22:07:54 GMT

TurboTax calculates your maximum contributions as

10/12 of the family-coverage limit of $6,750 split between the two of you ($5,625),
plus 10/12 of $1,000 catch-up to your HSA ($833),
plus 2/12 of the $3,400 single-coverage limit to your spouse's HSA ($567),
plus $1,000 of catch-up to your spouse's HSA ($1,000).

If you allocate the entire 10/12 of the family coverage limit to your HSA and none of it to your spouse's HSA, your maximum contribution is $6,458 and your spouse's maximum contribution is $1,567. If you instead allocate the entire 10/12 of the family coverage limit to your spouse's HSA, your maximum contribution would be $833 and your spouse's maximum contribution would be $7,192. Regardless of how you split the 10/12 of the family limit, the combined maximum contributions will equal $8,025.

Very helpful! Thank you!

hsabaffled — Wed, 05 Jun 2019 22:07:55 GMT

Very helpful! Thank you!

topic Max HSA contribution? in Deductions & credits

Max HSA contribution?

TurboTax calculates your maximum contributions as 10/12...

Very helpful! Thank you!