My wife and I are trying to figure out why we owe money this year while we had a big refund last year. Jobwise there's been no change, no increase in pay. A small amount more interest..... Yet we've gone from around 1200 refund last year to owing around 400 this year.
We have 2 kids and my wife only claims 1 and I claim 0. Last year we only had 1 kid and only claimed one
The only big change seems to be that we spent around $1,000 of my HSA and this year we've spent around $6,000 of my HSA. I've actually contributed LESS to my HSA this time around so there's no way I've over contributed.
But the HSA is the only thing that is noticeably different.... Are you supposed to pay taxes on your HSA used only for medical expenses and while you have a high deductible plan????
