topic Thanks. in Deductions & credits

Can I deduct medical expenses not paid thru my HSA?

marn77 — Wed, 05 Jun 2019 06:26:46 GMT

I paid some medical expenses with my non HSA account. Can I still deduct them?

Yes. Itemized medical deductions must exceed 10% of adjus...

ghost — Wed, 05 Jun 2019 06:26:48 GMT

Yes. Itemized medical deductions must exceed 10% of adjusted gross income (under age 65) to be deductible.

Thanks.

marn77 — Wed, 05 Jun 2019 06:26:49 GMT

Thanks.

Do I understand that it is the amount I contributed to th...

marn77 — Wed, 05 Jun 2019 06:26:51 GMT

Do I understand that it is the amount I contributed to the HSA that is deductible rather than the amount of expenses I paid with the funds?

Yes, but only contributions made with after-tax money is...

ghost — Wed, 05 Jun 2019 06:26:52 GMT

Yes, but only contributions made with after-tax money is deductible on your tax return. Contributions made through your employer are pretax and the deduction was given by reduction in the taxable wages on your W2.

Thanks

marn77 — Wed, 05 Jun 2019 06:26:53 GMT

Thanks

Back to medical expenses: You can reimburse yourself (fro...

ghost — Wed, 05 Jun 2019 06:26:58 GMT

Back to medical expenses:
You can reimburse yourself (from your HSA) the amount paid from your non-HSA for the expenses mentioned above as long as those expenses are incurred at a time when you had a HSA available. There's no rule saying that you must use HSA to pay in the same year the expense was incurred. That's a better choice for maximum tax savings.

Thanks. That was very helpful.

marn77 — Wed, 05 Jun 2019 06:26:59 GMT

Thanks. That was very helpful.

You're welcome.

ghost — Wed, 05 Jun 2019 06:27:01 GMT

You're welcome.

Copied from above: Yes. Itemized medical deductions must...

ghost — Wed, 05 Jun 2019 06:27:03 GMT

Copied from above:

Yes. Itemized medical deductions must exceed 10% of adjusted gross income (under age 65) to be deductible.

You can reimburse yourself (from your HSA) the amount paid from your non-HSA for the expenses mentioned above as long as those expenses are incurred at a time when you had a HSA available. There's no rule saying that you must use HSA to pay in the same year the expense was incurred. That's a better choice for maximum tax savings.