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Schedule 1
Schedule 1

Schedule 1Additional Income and Adjustments to Income

13 — Health Savings Account Deduction Updated for tax year 2025

Does this apply to you?

  • You are enrolled in a qualifying High Deductible Health Plan (HDHP)
  • You made contributions to an HSA during the year, either through payroll deductions or direct deposits
  • You are 55 or older and want to take advantage of the $1,000 catch-up contribution
  • You are self-employed and contribute to your own HSA

Easy to overlook

Employer contributions through payroll are already excluded from your W-2 If your employer contributes to your HSA or you contribute through pretax payroll deductions, those amounts are already excluded from the wages shown in W-2 Box 1. 1 They appear in W-2 Box 12, Code W. Do not deduct these amounts again on line 13 — that would be double-counting. Line 13 is only for contributions you made with after-tax dollars outside of payroll. General filing pattern — employer contributions double-counted

The contribution limit is prorated if you did not have HDHP coverage all year If you enrolled in an HDHP partway through the year, your contribution limit is prorated by the number of months you had qualifying coverage. 2 The last-month rule is an exception: if you had HDHP coverage on December 1, you can contribute the full annual limit, but you must maintain HDHP coverage through the following December or include the excess as taxable income. IRS Publication 969 — Health Savings Accounts

Watch out for this

Contributing more than the annual limit. Excess contributions are subject to a 6% excise tax each year they remain in the account. If you contributed through payroll and also made additional direct contributions, the combined total must not exceed the annual limit ($4,300 self-only or $8,550 family for 2025, plus $1,000 catch-up if 55+). Remove excess contributions before the tax filing deadline to avoid the penalty.

Footnotes

  1. IRS Publication 969, Health Savings Accounts, Employer Contributions. https://www.irs.gov/pub/irs-pdf/p969.pdf

  2. IRS Publication 969, Health Savings Accounts, Contribution Limits. https://www.irs.gov/pub/irs-pdf/p969.pdf

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