☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 7:43:28 PM

If i have an HSA through work, when i get to the Idaho MSA question (state) do i fill in the information on form 5498-SA in this section or is that covered in my federal?

0 1 675
1 Best answer
Level 13
Jun 4, 2019 7:43:29 PM

An Idaho Medical Savings Account is not the same as an federal Health Savings Account (HSA) - it is a separate account altogether.

As the state says: "Contributions to a federal MSA or health savings account (HSA) don't qualify for this Idaho deduction. The following information refers only to the Idaho MSA; tax consequences of federal MSAs and HSAs differ from the Idaho MSA." See https://tax.idaho.gov/i-1162.cfm

So, do not enter your HSA contributions on this Idaho screen ("Idaho Medical Savings Account (MSA)").

1 Replies
Level 13
Jun 4, 2019 7:43:29 PM

An Idaho Medical Savings Account is not the same as an federal Health Savings Account (HSA) - it is a separate account altogether.

As the state says: "Contributions to a federal MSA or health savings account (HSA) don't qualify for this Idaho deduction. The following information refers only to the Idaho MSA; tax consequences of federal MSAs and HSAs differ from the Idaho MSA." See https://tax.idaho.gov/i-1162.cfm

So, do not enter your HSA contributions on this Idaho screen ("Idaho Medical Savings Account (MSA)").