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High deductible health plan deduction for georgia 2019

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!!!

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4 Replies

High deductible health plan deduction for georgia 2019

any fellow Georgians out there wondering about this?

MaryK4
Expert Alumni

High deductible health plan deduction for georgia 2019

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).

 

@Egoydich

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High deductible health plan deduction for georgia 2019

@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

MaryK4
Expert Alumni

High deductible health plan deduction for georgia 2019

No, I realize I was not clear re-reading my answer above, you cannot deduct pre-tax premiums.

@Egoydich

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