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Can I deduct medical expenses paid with RMSA funds? Note: I contributed to my RMSA with After tax $'s, but my company also contributed 20% to my RMSA at no expense to me.
Since my
contributions to the RMSA were after tax, I was hoping I could deduct my
medical expenses for 2017 that were paid from my RMSA account. Can I do
that?
In searching TurboTax and other sites online, I do not find anything specific regarding RMSA's. I find a lot of information on HSAs and MSAs, and for those accounts you cannot deduct funds because they are "Pre-Tax" $'s, but since the RMSA is "After-Tax", I would think that I could deduct those medical expenses paid out of my RMSA.
Best regards,
Hopeful 😉
Topics:
‎June 3, 2019
12:13 PM