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I am doing 2013 taxes and want to know if an HCRA is deductible. All those "letter" accounts are confusing!
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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.
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.
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.
Did you get an answer or what did you end up putting? I am on the same place and need to choose a category.
Thanks!
@kookiekala You are posting in a VERY old thread that has had posts from multiple users over a period of several years. We cannot tell what your question or issue really is. Can you please re-state or clarify your own question so someone will know how to help.
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