Thank you @AnnetteB6
I understand about not double-dipping and I have used my HSA account for several years where I paid for the medical expenses directly from the HSA account or reimbursed myself in the same tax year.
My question is about how to report medical expenses that I paid out of pocket in 2022 and will not reimburse myself until some future year. When paying for medical expenses directly with the HSA (or reimbursing myself for them in the same year), I report the expense and also report that I used the HSA to pay for the expense so that it will be excluded from being a deduction. However, all of the expenses that I report on my Fed return will carry over to my NJ state return and I can get a state deduction for them (the amount that exceeds 2% of my income).
How/when do I report my 2022 medical expenses that I will not repay myself from my HSA until a future year? Let's say I will repay myself in 2030. Do I include the medical expenses as if they occurred in the year 2030, report that I paid them from my HSA, and then be able to deduct these expenses on my NJ State tax return in that (2030) year?
If not, then how? If I understand correctly, I cannot report these expenses in 2022 on my Fed form or I would be itemizing them which would exclude me from using an HSA to reimburse myself later. And I can only report on my NJ state form whatever medical expense I have reported on my Fed form for the same year.
Can you please provide the tax reporting steps (Fed & State) for medical expenses that I paid out of pocket in one year (say 2022), but will reimburse myself for in a future year?
Thanks much in advance.
