1389795
I have total distributions (as reported on 1099-SA) in the amount of $2457.70 (which is more than past year ($1920.00) yet I am getting $0 in deductions. Why is that?
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Your 1099-SA does not give you a deduction. This money was deposited pre-tax into an HSA account for you to use for Medical Expenses.
You get the deduction when you enter your W-2 showing your HSA contribution.
When you take a Distribution for Medical Expenses, you are not taxed on the amount you took out of the account.
Click this link for more info on 1099-SA.
Your 1099-SA does not give you a deduction. This money was deposited pre-tax into an HSA account for you to use for Medical Expenses.
You get the deduction when you enter your W-2 showing your HSA contribution.
When you take a Distribution for Medical Expenses, you are not taxed on the amount you took out of the account.
Click this link for more info on 1099-SA.
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