1113645
Hi all - preparing 2019 georgia return and the turbotax info regarding deductibility for HSA contributions is a little confusing? We contributed $3,000 to our HSA because we have a high deductible family plan with a $3500/7500 individual/family out of pocket maximum. Can anyone please help on whether I can use that $3,000 contribution as a deduction? I’ve reviewed the Georgia instruction booklet but if was even more confusing.
Many, many thanks!!!
You'll need to sign in or create an account to connect with an expert.
any fellow Georgians out there wondering about this?
Georgia allows you to deduct your health insurance premiums (what you paid for the insurance ) if you have a high deductible plan BUT you can only do this if you did not deduct the premiums elsewhere on your federal tax return (like the Schedule A medical expenses or Self-Employed Health Insurance deduction).
@MaryK4 - just to confirm - I can deduct my my Georgia taxable income the total premiums paid for 2019?
Thats like $2,352 in annual premiums? We are not itemizing and these were paid with pre-tax dollars.
Many thanks
No, I realize I was not clear re-reading my answer above, you cannot deduct pre-tax premiums.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
1dragonlady1
New Member
vanminhcao
Returning Member
maggie95andy
New Member
JFlint77
New Member
cmallari
New Member