WebEffect on HSA Contribution Limits: As stated above, a spouse or dependent on Medicare or Medicaid will not render an employee ineligible for an HSA, though the Medicare-entitled spouse will of course be HSA-ineligible. As long as the employee is an eligible individual he or she can use the HSA for qualified and medical . 4 WebEnrolling in Medicare when you have an HSA. If you enroll in Medicare Part A and/or B, you can no longer contribute pre-tax dollars to your HSA. This is because to contribute pre …

Health Savings Accounts (HSAs) and Medicare - Congress

WebIndividuals under age 65 must file taxes if they make a minimum of $12,950 in 2024 ($25,900 for joint filers under age 65). However, your status can affect your obligation to file. Here’s what ... WebNov 10, 2024 · Only the Medicare enrollment status of the account owner affects HSA eligibility; the Medicare enrollment status of dependents is not relevant. If an individual … can i write off hotels for work

Can I have a family HSA plan if my spouse is on Medicare?

WebYour spouse can be on Medicare without disqualifying you from contributing to your HSA, and your spouse can continue to be covered by the HSA qualified plan, as well as use HSA funds to cover their qualified medical expenses. Note: Your spouse cannot contribute to an HSA and the family maximum contribution cannot be split with your spouse. WebDec 10, 2024 · Your maximum amount you can contribute for this year will be $1,800, because you became eligible for an HSA on July 1. Another way to think of this is to break down the contribution limit from annually to monthly. If the limit is $3,600 for the year, that is the same as contributing $300 every month. $300 x 6 = $1,800. WebYou and your spouse can split the family contribution limit ($7,300) equally or you can agree on a different division. If you split it equally, you can contribute $4,650 to an HSA … can i write off home office