Leo Williams is single and 45 years old. Leo works as an IT manager and his Form

Question

Leo Williams is single and 45 years old. Leo works as an IT manager and his Form W-2 shows wages of $47,250. Leo participated in his employer’s self-only coverage High Deductible Health Plan (HDHP) all year. Leo does not have any other health coverage. Leo has had an HSA for two years. Leo’s employer contributed $1,500 in 2017 to Leo's HSA. In 2017, Leo’s Aunt contributed $2,000 to Leo's HSA. Leo is a U.S. citizen and has a valid Social Security number.

What amount will Leo use to compute his HSA deduction on Form 1040, line 25?

A. $0

B. $1,500

C. $2,000

D. $3,500

Explanation / Answer

An HSA account may receive contribution from family member of eligible individual orther than employer's contribution

Thus Leo can use contribution from both employer and his aunt

thus total deduction to be claim = 1500+2000 = 3500

And D) $3500

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