HSA Contribution Limits
The amount that can be contributed to an HSA depends on the type of HDHP coverage, the taxpayer's age, the date the taxpayer became an eligible individual, and the date the taxpayer ceases to be an eligible individual.
Eligible individuals who are 55 or older by the end of the tax year can increase their contribution limit up to $1,000 a year. For example, an eligible individual who is 55 or older with self-only coverage can contribute up to $4,250. This extra amount is the catch-up contribution allowed for HSAs.
Refer to the Volunteer Resource Guide, Important Tax Law Changes for 2013, for current year contribution limits.
Remember these are maximum allowable contribution amounts. Confirm with the taxpayer the amounts actually contributed to the HSA.
Taxpayers with excess contributions (contributions over the limits) must withdraw the excess to avoid an additional tax. If the excess was not timely withdrawn, refer the taxpayer to a professional tax preparer. Review Form 8889 Instructions and Publication 969 for details.