562172
You'll need to sign in or create an account to connect with an expert.
The last month rule allows you to contribute to your HSA using the full annual limit, even if you had not been in the HSA all year. You have to have been in your HSA no later than December 1, 2015.
The reason for this question is because if you contributed according to the last month rule in 2015, you must have remained in your HSA until at least December 1, 2016, or face a penalty. Obviously, you don't know this until you do your 2016 return.
"Contributions" below refers to contributions either by the employer or by the taxpayer. This answer is for tax year 2016.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Acanex
Level 2
revanisle
New Member
kbarrineau
Level 2
Ray from Flagstaff
New Member
FootballrefJeff
Returning Member