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| "Michael Siemon" <mlsiemon[at]sonic.net> wrote - quote - > One is allowed, one-time only, to roll-over an amount up
Your assumption is correct: The sum of your one-time IRA> to the year's > current contribution limit, from an IRA to Health Savings > Account. I did > that this year, and more or less just assumed that would > max out what I > could contribute this year. > However, subsequent to the roll-over, my HSA is still > indicating that I > can contribute the max amount. Was my assumption wrong? rollover and any other contribution to your HSA must be less than the applicable contribution limit. Google for {IRA rollover HSA limit} for citations such as https://www.hsamember.com/faqs.shtml and http://www.hsatrusteeservices.com/hsa_application. It also passes the common sense test. HSA's may be so new that those administrating them have not stamped out all the bugs. This would explain why your HSA paperwork apparently is incorrect. ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
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| One is allowed, one-time only, to roll-over an amount up to the year's current contribution limit, from an IRA to Health Savings Account. I did that this year, and more or less just assumed that would max out what I could contribute this year. However, subsequent to the roll-over, my HSA is still indicating that I can contribute the max amount. Was my assumption wrong? Is one in fact allowed to make the one-time rollover _in addition_ to a regular, non- rollover, contribution? Anyone here know? or should this query go rather to misc.taxes.moderated? ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
| Tags |
| hsa, ira, onetime, rollover |
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