HSA Guide
Can You Contribute Unearned Income to an HSA in 2018?
Published November 21, 2022
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Get the appShort answer: Unearned income can be contributed to an HSA in 2018 if the individual is HSA-eligible, total contributions don’t exceed IRS annual limits, and the unearned income meets the definition referenced in the criteria.
HSAs and the question about unearned income
Health Savings Accounts (HSAs) offer individuals a tax-advantaged way to save for medical expenses. One common question that arises is whether unearned income can be contributed to an HSA in 2018.
IRS guidance on contributing unearned income
Unearned income typically includes dividends, interest, and capital gains that are not derived from employment. Fortunately, the Internal Revenue Service (IRS) does allow contributions of unearned income to an HSA, as long as certain criteria are met:
Criteria for eligible unearned income contributions
- The individual must be eligible to contribute to an HSA.
- The total contributions (from earned and unearned income combined) do not exceed the annual limits set by the IRS.
- The unearned income used for HSA contributions must meet the definition of