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HSA contribution limit for married filing jointly both above 55

Forum|Forum|3 years ago
February 6, 2023
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we both are above 55, file married jointly, have high deductible health insurance through my wife's employer, both have own HAS accounts. Can my wife contribute $7300 + $1000 to max out and I can contribute additional catch up contribution of $1000 into my account since it says both are eligible to contribute additional $1000 or the total family contribution limit is $8300, thanks

Best answer by JohnW152

The maximum amount would be $9,300 combined, if you meet the rules for a married couple.

According to Rules for married people in the IRS' Publication 969 (2022), Health Savings Accounts and Other Tax-Favored Health Plans:

If both spouses are 55 or older and not enrolled in Medicare, each spouse’s contribution limit is increased by the additional contribution. If both spouses meet the age requirement, the total contributions under family coverage can’t be more than $9,300. Each spouse must make the additional contribution to its own HSA.

Please read the entire section of the IRS publication for complete information.

M

MinhT1

Each spouse over age 55 is entitled to a catch-up distribution of $1,000 which must ne made directly to his/her own HSA.

Please read this IRS document for more information.

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P

peterk1961Author

My question is the max contribution for married couple over 55, is it $8300 combined if both are over 55 or $9300

J

JohnW152Answer

The maximum amount would be $9,300 combined, if you meet the rules for a married couple.

According to Rules for married people in the IRS' Publication 969 (2022), Health Savings Accounts and Other Tax-Favored Health Plans:

If both spouses are 55 or older and not enrolled in Medicare, each spouse’s contribution limit is increased by the additional contribution. If both spouses meet the age requirement, the total contributions under family coverage can’t be more than $9,300. Each spouse must make the additional contribution to its own HSA.

Please read the entire section of the IRS publication for complete information.