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1099-SA for HSA increased my taxes despite Only used for Medical Expenses
I just turned 65 this past March and am now on Medicare but I am using my HSA from my employer to pay my medical bills.
I put into Turbo Tax my distributions and it raised my Federal Taxes by A LOT, even though I checked 'only used for medical expenses'???????
Is there something special about turning 65 that made it suddenly taxable? The whole questions about 'do i have a HDHP currently threw me off as i have medicare now and don't contribute to my HSA anymore, it is just sitting there in an account to spend. I must be missing something?
‎February 9, 2024
1:45 PM