1040-US: HSA catch-up contributions

Alerts and notices


What are the catch-up contributions?


For individuals between ages 55 and 65, the HSA contribution limit is increased by $1,000 for the annual contribution limit and the catch-up contribution is calculated on a monthly basis. After an individual has attained age 65, contributions—including catch-up contributions—cannot be made to an individual's HSA.

Note: A health savings account can have only one beneficiary. If the taxpayer is between ages 55 and 65, has a health savings account, and is covered under a high deductible health plan, the taxpayer can claim one catch-up amount on Form 8889. The same is true for the spouse, but the spouse must have their own health savings account and also file Form 8889.

Related topic: Medical and health savings accounts FAQs (1040)