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#1
12-31-2004, 03:08 PM
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 Re: Health Savings Account question Tom Healy wrote: - quote - > I haven't found the answer to this question:
If they already each have an HSA, might as well put their> When both spouses are over age 50 and eligible for the > additional catch-up contribution to an HSA, does the couple > have to set up two HSAs, so that the spouse can put her own > catch-up contribution into hers, or, like regular > contributions, can they be divided as the spouses mutually > agree? respective catch-up contribution into their respective accounts, especially if you think the marriage won't last! :-) Per IRS Notice 2004-50, Q&A 32, "spouses who are both eligible individuals may divide the annual HSA contribution in any way they want, including allocating nothing to one spouse." I saw nothing in that notice, or in Notice 2004-2, that treats the catch-up amounts any differently than regular contributions. Also, since a surviving spouse can treat the deceased spouse's HSA as his/her own, wouldn't that make the point moot in the long run? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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12-31-2004, 02:49 PM
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| Re: Health Savings Account question Tom Healy wrote: - quote - > Hi, everyone,
Just saw that yesterday. The total maximum, whether it be> I haven't found the answer to this question: > When both spouses are over age 50 and eligible for the > additional catch-up contribution to an HSA, does the couple > have to set up two HSAs, so that the spouse can put her own > catch-up contribution into hers, or, like regular > contributions, can they be divided as the spouses mutually > agree? 2000 or other may be mutually pro rated. After all, isn't that the secret of success in accounting? (Allocate, pro rate and re create.) Happy New ChEAr$, Harlan Lunsford, EA n LA Wed, 29 Dec 2004 09:38:59 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
12-29-2004, 12:52 PM
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| Health Savings Account question Hi, everyone, I haven't found the answer to this question: When both spouses are over age 50 and eligible for the additional catch-up contribution to an HSA, does the couple have to set up two HSAs, so that the spouse can put her own catch-up contribution into hers, or, like regular contributions, can they be divided as the spouses mutually agree? -- Thomas E Healy, CPA, PC 1650 38th St., Ste 202W Boulder, CO 80301 Please send email to: tom[at]tomhealycpa.com, since I block all email at my newsgroup address. phone (303) 443-1804 fax (720) 489-3772 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| account, health, question, savings |
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