HSA Prior-year and catch-up contributions

Written by: Billy Strawter Jr

Did you know that you can contribute up to the maximum allowed for the 2009 tax year at any time up until the tax-filing deadline of April 15th 2010?

You still have time to contribute up to the $3,000 for individuals or $5,950 for family contribution maximums for 2009.

If you are 55 or older, you can make “catch-up” contributions, meaning you can deposit an additional $1,000 each year.  If your spouse is also 55 or older, he or she may establish a separate HSA and make a catch-up contribution.

About the author

Billy Strawter Jr wrote 132 articles on this blog.

My name is BJ Strawter. My grown up name is Billy. Which means everyone calls me Bill. I am an entrepreneur. My first business was a dance club. Next to a police station. First lesson on the importance of location in business.

Originally posted 2010-03-25 06:06:47. Republished by Blog Post Promoter

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