Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
tmtartemt
Returning Member

I had HDHP with no HSA all of 2019. Should I have received a tax credit? The December 1st question is confusing, because the HDHP was effective January 1, 2019?

 
2 Replies
JohnB5677
Expert Alumni

I had HDHP with no HSA all of 2019. Should I have received a tax credit? The December 1st question is confusing, because the HDHP was effective January 1, 2019?

A High Deductible Health Plan is a requirement to establish a HSA.   Funds put into a HSA are not taxable when used for qualified medical expenses, but there is no credit for not using or not having a HSA.

 

I could not find a question regarding the date of the HDHP.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Opus 17
Level 15

I had HDHP with no HSA all of 2019. Should I have received a tax credit? The December 1st question is confusing, because the HDHP was effective January 1, 2019?

There are no tax bonuses just for having an HDHP.

 

If you paid the premiums out of pocket, you might qualify for the premium tax credit, but this would apply to any health insurance.

 

An HDHP only results in a tax benefit if you also contribute to an HSA.  If you did not contribute, then your mistake did not change your tax owed or your refund. 

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
Dynamic AdsDynamic Ads
Privacy Settings
v