Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
collin-hogrefe
New Member

How much can a non-dependant child covered by his parent's HDHP contribute to his own HSA?

I am 25 years old, a non-dependant, and covered under my mom's family HDHP (for the entire year). My dad is also covered under the same insurance plan.  Can I contribute $6750 to my own HSA (no matter what my parents contribute to their own HSAs), or is the $6750 limit shared between the three of us?

8 Replies
Critter
Level 15

How much can a non-dependant child covered by his parent's HDHP contribute to his own HSA?

It should ...


The HSA is handled in 3 parts in the TT program :

First the contribution:

https://ttlc.intuit.com/replies/4557768

https://ttlc.intuit.com/replies/4785646

 

Next the limitations screen to confirm you are eligible to make the contributions:

Until you complete the HSA portion of the TurboTax interview to establish your eligibility for an HSA contribution, TurboTax will treat the amount entered on the W-2 form as an excess HSA contribution.

https://ttlc.intuit.com/replies/5190989

https://ttlc.intuit.com/replies/4788059

 

And lastly any distribution:

https://ttlc.intuit.com/replies/4787864


Critter
Level 15

How much can a non-dependant child covered by his parent's HDHP contribute to his own HSA?

You cannot contribute to an HSA since you don't have a HDHP of your own ... the policy is your mother's. 

collin-hogrefe
New Member

How much can a non-dependant child covered by his parent's HDHP contribute to his own HSA?

That's not true, because I'm covered under the HDHP, I'm a non-dependant, I have no other health coverage, and I'm not enrolled in Medicare; I'm able to contribute to an HSA (reference IRS publication 969).     The question is about my contribution limit.
Critter
Level 15

How much can a non-dependant child covered by his parent's HDHP contribute to his own HSA?

retracted answer.
Critter
Level 15

How much can a non-dependant child covered by his parent's HDHP contribute to his own HSA?

I read the entire pub ... no where does it say that a non dependent on a HDHP can contribute to an HSA ... only the Taxpayer & Spouse are mentioned.  So I still stand by my original answer ... but discuss this with the HSA plan administrator as they may have more in site on this subject.
Critter
Level 15

How much can a non-dependant child covered by his parent's HDHP contribute to his own HSA?

Here is a post that supports your position ... it seems that the ACA rules had unintended consequences in your favor ... a sort of loop hole that has not been plugged yet ...

<a rel="nofollow" target="_blank" href="http://www.hsaedge.com/2016/08/13/your-adult-children-on-your-family-insurance-can-have-their-own-hs...>
Critter
Level 15

How much can a non-dependant child covered by his parent's HDHP contribute to his own HSA?

collin-hogrefe
New Member

How much can a non-dependant child covered by his parent's HDHP contribute to his own HSA?

Thank you.  It does indeed seem like a loophole.  I had read that first article before,  but I was confused why the parents were required to share the limit but not the non-dependant "children".

I did a bit more research, and even IRS form 8889 is silent on this.  Specifically, the instructions for line 6 state that married couples must share the limit with their spouse, but there is no mention of other eligible contributors.

Now assuming it is a legal "loophole", I wonder if the TurboTax tool will recognize it and allow contribution up to the family plan limit.   I assume so, but I don't know for sure.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.61m
Discussions

Manage cookies
v