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No. of Recommendations: 3
To contribute to a Health Savings Account, do you have to have taxable (or earned) income?

No. Unlike an IRA, HSAs don't specify what type of income the contribution can come from. Details are found in IRS Pub 969 https://www.irs.gov/pub/irs-pdf/p969.pdf

To be an eligible individual and qualify for an HSA, you must meet the following requirements.
• You are covered under a high deductible health plan (HDHP), described later, on the first day of the month.
• You have no other health coverage except what is permitted under Other health coverage, later.
• You aren’t enrolled in Medicare.
• You can’t be claimed as a dependent on someone else’s ** tax return


** The referenced IRS Pub is for use with 2019 tax returns, and I replaced 2019 with asterisks, since I'm guessing you aren't asking about 2019 contributions at this point.

AJ
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No. of Recommendations: 3
To contribute to a Health Savings Account, do you have to have taxable (or earned) income?

No. Unlike an IRA, HSAs don't specify what type of income the contribution can come from. Details are found in IRS Pub 969 https://www.irs.gov/pub/irs-pdf/p969.pdf

To be an eligible individual and qualify for an HSA, you must meet the following requirements.
• You are covered under a high deductible health plan (HDHP), described later, on the first day of the month.
• You have no other health coverage except what is permitted under Other health coverage, later.
• You aren’t enrolled in Medicare.
• You can’t be claimed as a dependent on someone else’s ** tax return


** The referenced IRS Pub is for use with 2019 tax returns, and I replaced 2019 with asterisks, since I'm guessing you aren't asking about 2019 contributions at this point.

AJ
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No. of Recommendations: 0
Thanks, AJ
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