Hello,
Just came off the parent's health insurance this month as I turned 26 in August. A few questions
1. Is my HSA contribution limit for 2024: 8300 * (8/12) + 4150 * (4/12) = 6917?
2. Does this 6917 contribution limit include or exclude employer contributions?
3. Can I max out my employer HSA account (the 4150) to take advantage of the no FICA tax and put the remaining balance in my independent fidelity HSA? Or can I only contribute 4150 *(4/12) = $1383 to my employer HSA and the rest must be put in Fidelity?
Thanks and let me know if you have any follow up questions.
Just came off the parent's health insurance this month as I turned 26 in August. A few questions
1. Is my HSA contribution limit for 2024: 8300 * (8/12) + 4150 * (4/12) = 6917?
2. Does this 6917 contribution limit include or exclude employer contributions?
3. Can I max out my employer HSA account (the 4150) to take advantage of the no FICA tax and put the remaining balance in my independent fidelity HSA? Or can I only contribute 4150 *(4/12) = $1383 to my employer HSA and the rest must be put in Fidelity?
Thanks and let me know if you have any follow up questions.
Statistics: Posted by Hitmonchan — Tue Sep 03, 2024 12:29 pm — Replies 1 — Views 151