Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: foo1bar Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: Re: HSA question Date: 7/3/2009 4:27 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
reposted from the deathly quiet HSA board:
I agree it's quiet, but I don't see any messages this year from you on there - are you sure you posted this there?

How much can we contribute to HSAs? Do I get to contribute $5950 to my HSA and she gets to contribute $3000 to her HSA, or do we get a total of $5950 as a family?
I believe $5950 total as a family.
She can do $3k and you $2950.
Or she can do $0 and you $5950.

http://www.ustreas.gov/offices/public-affairs/hsa/faq_contri...

(example 2 is like your situation, but uses $5800 amount because it's a 2008 example)

Also there is notice 2008-59
http://www.irs.gov/pub/irs-drop/n-08-59.pdf
Look at Q&A-17
A-17. The maximum annual HSA contribution limit for a married couple if one
spouse has family HDHP coverage and the other spouse has self-only HDHP coverage
is the § 223(b)(2)(B) statutory maximum for family coverage. The contribution limit is
divided between the spouses by agreement. See § 223(b)(5) and Notice 2004-50,
Q&A-32. This is the result regardless of whether the family HDHP coverage includes
the spouse with self-only HDHP coverage.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement