I've been researching on IRS.gov but haven’t found clear answers on this. Probably my fault since I'm not proficient in understanding tax code. Hoping someone here can help clarify.
Below are our current HSA contribution elections for 2025.
My contributions: $8,050 total (mixture of employee and company contributions)
Spouse's contributions: $500 total (solely company contributions)
Grand total: $8,550
We are both on HDHP's.
My coverage is: Employee+Children
Spouse coverage is: Employee Only
1) Do we have any issues with excess contributions?
2) Does the IRS consider my plan "family" coverage, even though my coverage is "employee + children" (not technically "family")?
3) Are there monthly maximums? (I lump summed at the beginning of the year.)
4) Any other concerns about how we have this setup?
Below are our current HSA contribution elections for 2025.
My contributions: $8,050 total (mixture of employee and company contributions)
Spouse's contributions: $500 total (solely company contributions)
Grand total: $8,550
We are both on HDHP's.
My coverage is: Employee+Children
Spouse coverage is: Employee Only
1) Do we have any issues with excess contributions?
2) Does the IRS consider my plan "family" coverage, even though my coverage is "employee + children" (not technically "family")?
3) Are there monthly maximums? (I lump summed at the beginning of the year.)
4) Any other concerns about how we have this setup?
Statistics: Posted by AdventureGuy — Sat Jan 25, 2025 5:05 pm — Replies 7 — Views 299