Benny (56) and June (53) are married filing jointly. June's health insurance through work covers both of them, with a $3,500 annual deductible. June has a health savings account (HSA). They had no other insurance. What is the maximum contribution amount (including catch-up contributions) to their HSA account for 2023?
Benny (56) and June (53) are married filing jointly. June's health insurance through work covers both of them, with a $3,500 annual deductible. June has a health savings account (HSA). They had no other insurance. What is the maximum contribution amount (including catch-up contributions) to their HSA account for 2023?
Chapter5: Deductions For And From Agi
Section: Chapter Questions
Problem 2MCQ
Related questions
Question
Transcribed Image Text:Benny (56) and June (53) are married filing jointly. June's health insurance through work covers both of
them, with a $3,500 annual deductible. June has a health savings account (HSA). They had no other
insurance. What is the maximum contribution amount (including catch-up contributions) to their HSA
account for 2023?
$4,850
$7,750
$8,750
$9,750
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Recommended textbooks for you
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT