HSA/Medical

Forum|Forum|2 years ago
March 27, 2024
1 reply
6 views

If you file MFS can you still contribute to a family plan HSA $7,750 and if over 55 is it $1,000 each meaning you can put in $9,750?

Also, can you use Medicare premiums for self-employed health ins and add a supplemental ins as well to box 15 sch C?

Thank you

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qbteachmt

Level 15

"If you file MFS can you still contribute to a family plan HSA"

It goes by coverage:

https://www.irs.gov/instructions/i8889

"and if over 55 is it $1,000 each meaning you can put in $9,750?"

Into separate HSA accounts. The people are individually over 55, in other words. There is no such thing as a Joint HSA account. For instance, the older person had the HSA all along, and now the younger person also is over 55, so you open an account for them and put $1,000 there.

"Also, can you use Medicare premiums for self-employed health ins and add a supplemental ins as well to box 15 sch C?"

Form 1040.

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MGC94Author

Level 7

If he files MFS and puts the money, it's his acct and her acct can he write both of them off?

$4,875 into his and $4,875 into hers? He needs the write off that's why I'm wondering

"Also, can you use Medicare premiums for self-employed health ins and add a supplemental ins as well to box 15 sch C?"

I don't mean the 1040. What I am saying is a write off on the sch C self-employed health ins deduction.

sjrcpa

Level 15

They can divide the HSA deduction any way they want, except he can't deduct her over 55 50 $1,000.

If he has Medicare, is he allowed to have an HSA?

The more I know the more I don’t know.

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