Regarding HSA account

[gsg032024]

In 2024, my wife got medical insurance from her employer for entire family and she got a HSA account  also from employer. She and her employer contributed the max amount of $8300.  
Now we decided to do separate tax filing.
1. Is that ok do separate tax filing?
2. We have two kids of 13 & 18 ages, and I am planning to take advantage of child care tax benefits in my tax. Is that ok?
3. My wife received 1099 SA and In wife's tax filing, how do we need to enter the HSA amounts? is it $8300 or $4150?

[LindaS5247]

Your wife can use the $8300 limit because the IRS treats married couples as a single tax unit, which means you must share one family HSA contribution limit of $8,300 if you are on the same health policy. If you and your spouse each have your own self-only coverage, you may each contribute up to $4,150 annually into your separate accounts.

If you're married filing separately, the child tax credit is not available for the total amount you'd receive if you filed jointly. You can take a reduced credit that's equal to half that of a joint return. Also, you would be ineligible for the child and dependent care credit.

[gsg032024]

Thank you for quick reply. 

I just wanted to make sure - 

1. My wife will enter HSA amount of $8300. 

2.  My wife can enter the childcare as kids are associated with her medical insurance. 

please let me know, if the above things are correct?

[BillM223]

1. My wife will enter HSA amount of $8300. 

Yes, if you agree to let her have the entire Family HDHP coverage.

2.  My wife can enter the childcare as kids are associated with her medical insurance. 

As Linda said, if you are filing Married Separately, then you are not eligible for the Child and Dependent Care credit (neither one of you is). However, please read "Married Persons Filing Separately" on page 2 of the 2024 Instructions for form 2441. In certain cases, parent filing MFS may be eligible for the credit, so please read up on this.

That notwithstanding, you are probably eligible for the exclusion (if your spouse had an amount in box 10 on her W-2, if you enter who cared for the kids and how much you gave them.

P.S., I am assuming that your spouse is declaring the kids as her dependents, right?