Opened HSA in Jan 2022 so can I contribute for 2021 and deduct?

[cramanitax]

Hello.  I opened an HSA account in Jan 2022.  I am self-employed and my spouse and I are on a COBRA HDHP and were on that plan for all of 2021.  Can I take the $7200 total family deduction on my 2021 taxes or would I only be eligible for the deduction on my 2022 taxes?  Thanks TT Community.

[cramanitax]

Thanks PattiF BUT my HSA was first opened in 2022 so can I still take a 2021 deduction?

[PattiF]

No, you can't take the deduction in 2021. But you can deduct the expenses in 2022. 

[cramanitax]

That's what I was thinking but glad you confirmed.  For 2022 Taxes, if the HSA is under my name and I am filing jointly-married and the $7300 is allowed as a family deduction, do I take that deduction under my name (i.e. form 8889-T) only even if both are medical expenses are covered under the Family HDHP?  There's also form 8889-S for my spouse but assume that form would not be completed?  Thanks.

[PattiF · Accepted solution]

Yes, you would take the deduction in your name only assuming that your social security number is on the form. 

Here is a TurboTax article with more information about IRS Form 8889.

[cramanitax · Accepted solution]

Appreciate the guidance PattiF.

[PattiF]

Glad to be able to assist you!