Can I make a $1000 catchup HSA contribution for 2016 if I am turning 55 in 2017?

Some websites say that I can, but if I enter an addtional $1000 contribution into turbotax, my tax bill actually goes up.

posted

Connect with an expert

1 Reply

Can I make a $1000 catchup HSA contribution for 2016 if I am turning 55 in 2017?

No, the catchup HSA contribution is only available to taxpayers aged 55 or older at the end of 2016.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post