I have researched that if a COBRA plan is a HDHP, one can continue to contribute to their HSA.
How would one contribute to HSA pre-tax if laid-off?
Would the HSA contributions be deducted on tax-return, reducing taxable income?
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HSA contributions are handled on Form 8889 as part of the tax return.
On the form, Line 2 is where you put anything that you sent in directly to your HSA with your own after-tax money. Line 9 is where you put anything that your employer has sent in for you, either from employer contributions or your own contribution through payroll deduction before-tax. The Line 2 contributions, assuming that you are eligible and have not gone over any limits, are deducted from your taxable income on your tax return.
Once you are no longer employed, you will no longer have any Line 9 contributions, but you can still send in contributions yourself directly to your HSA and take the deduction.