Maximum HSA contribution.

Forum|Forum|7 years ago
June 6, 2019
1 reply
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My wife, age 66, had high deductible health care coverage for the first 8 months of 2017, Medicare for the final 4 months. Turbotax tells me that her maximum HSA contribution limit is $3,600. My calculation is $2,933. How do you get $3,600? Thank you.

TurboTax Premier iOS

Best answer by DianeW777

Let's see if we can make sense of the allowable contribution and deduction amount. As you can see below I get the same amount you do for an 8/12 month proration.

You must pro-rate your contribution based on the number of months during which you were HSA-eligible on the first day of the month.

Example: You enroll in Medicare Part A (a disqualifying event) effective Oct. 1, 2017. You were covered on a self-only contract during the first 10 months of the year. Your maximum contribution for 2017 is 8/12 of $4,400, or $2,933.

When I select January - August as HDHP, then Medicare or None for the last four months I get the correct amount. This is based on a "Self Only" plan as you can see in the image attached (click to enlarge and view for assistance).

DianeW777Answer

Level 15

Let's see if we can make sense of the allowable contribution and deduction amount. As you can see below I get the same amount you do for an 8/12 month proration.

You must pro-rate your contribution based on the number of months during which you were HSA-eligible on the first day of the month.

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