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doxies3
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Is an HCRA something I can deduct?

I am doing 2013 taxes and want to know if an HCRA is deductible. All those "letter" accounts are confusing!

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Is an HCRA something I can deduct?

Generally no.  Health Care Reimbursement Accounts (HCRA) are usually deducted from your pay before taxes (pre-tax).  If this is true for your HCRA then you have already received a reduction in your income for the amounts contributed to the plan.  If your contributions were not deducted pre-tax then you can take a deduction for the health care expenses paid with these funds.  The best way to make sure whether or not your deduction was pre-tax is to speak with your employer.  They will be able to give you more exact details on your HCRA plan.

Is an HCRA something I can deduct?

Thank you for your response. It did not answer my question as to what category that Turbo Tax is asking for me to check. But I do appreciate that you tried.

 

Is an HCRA something I can deduct?

just an FYI - if you are truly doing 2013 taxes and you calculate to a refund, you won't receive it as that had to be submitted by April 15, 2017.  If you calculate to owning money, keep going, because that liability never goes away.

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