I have a Solo 401k, IRA and HSA - Can my contributions to all three combined exceed my earned income?

[SteveGetman24516]

As mentioned in the subject, I am self-employed, have a solo 401k, I also have an HSA and IRA.

Turbotax allows me to contribute to the solo 401k and IRA up to my earned income (as it should). If I also add a contribution to my HSA it allows the deduction for this, however if I were to add up my 401k, IRA and HSA deductions they would exceed my total earned income (but not total income).

My question is: Is this correct and can I take a deduction for contributions to all three even if the total exceeds earned (self-employment) income?

[RaifH · Accepted solution]

Unlike retirement accounts, there is no qualification that an HSA must be funded with earned income. Therefore, the sum of these three accounts can exceed your earned income, so long as the contributions to the IRA and 401(k) do not exceed your earned income.

[SteveGetman24516]

Thank you. After reading through that IRS page in some detail I agree.