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My calculation for an HSA contribution for 2019 is (4500/12) * 7 = $2625.

Is this right ?


Yes. If you want the documentation, it's in IRS Pub 969 https://www.irs.gov/pub/irs-pdf/p969.pdf Their calculation has you list what you are eligible for each month of the year, add it up and divide by 12. You have Jan - Jul at $4500 and Aug - Dec at $0, which is what your calculation reflects.

Are there limitations on what money can be used for the contribution(do I need any specific kind of income) ?

No required income sources. If you want, you can actually do a "Qualified HSA funding distribution" directly from an IRA into an HSA (see Pub 969 for details). You are limited to making this type of contribution to only once during your lifetime, but since you won't be eligible to make contributions after this year, you wouldn't be able to use it in the future, anyway.

AJ
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