Not getting HSA credit I expected?

I am the owner of a family HSA for my wife and I.

I entered $8300 (both over 55) for 2022

I said my wife did NOT have an HSA (she's covered by mine)

The 1099-SA showed $11,339 for distributions (which were for both of us but is in my name)

We are both covered by a joint HDHP for all 12 months (the 1095A has not been entered yet)

I only get a $3818 deduction in my taxes owed?

Isn't it a credit? Shouldn't I get $8300? Jeez, my memory is terrible!

414

1 Best answer

Level 15

Mar 26, 2023 6:53:16 PM

the HSA contribution IS NOT A CREDIT but a deduction reducing your taxable income. schedule 1 line 13

Level 15

Mar 26, 2023 6:53:16 PM

the HSA contribution IS NOT A CREDIT but a deduction reducing your taxable income. schedule 1 line 13

Level 3

Mar 27, 2023 8:13:37 AM

Thanks, I realized the ridiculousness of the question after I had posted it.

My brain is getting old!