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rmc
LSU Fan
Zachary, LA
Member since Sep 2004
22788 posts

Medical expense deduction/HSA question

I have a HDHP w/ HSA. I contributed the max last year, will end up doing so again this year, and again next year. I have a dependent that needs a procedure done that is probably going to cost about a little chunk out of pocket for me.

I read that I can deduct medical expenses if I itemize and my medical expenses exceed 7.5% of my AGI for 2012. I believe going forward its got to be > 10% before you can deduct.

My question is can I contribute to my HSA and get that deduction, and deduct medical expenses provided I itemize and the expenses exceed 10% of my AGI in 2013 and don't reimburse myself from my HSA? Or does the reimbursement matter?


Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
10152 posts

re: Medical expense deduction/HSA question
I'm not sure of the answer to your question, but if you have enough money to to not use your HSA, then don't...just deduct the expense and use your HSA as a retirement account vehicle....something to consider...


rmc
LSU Fan
Zachary, LA
Member since Sep 2004
22788 posts

re: Medical expense deduction/HSA question
quote:

I'm not sure of the answer to your question, but if you have enough money to to not use your HSA, then don't...just deduct the expense and use your HSA as a retirement account vehicle....something to consider...


That's where I'm going with it. I'm pretty sure my medical expenses will be deductible, I just want to make sure I get to deduct them and my HSA contribution if I don't reimburse myself from the HSA or pay any bills from the HSA.


Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
10152 posts

re: Medical expense deduction/HSA question
oh I see ....good question...we need poodle

eta ...I recently rolled my hsa to hsabank.com for more investment opportunities
This post was edited on 12/26 at 1:13 pm


rmc
LSU Fan
Zachary, LA
Member since Sep 2004
22788 posts

re: Medical expense deduction/HSA question
quote:

eta ...I recently rolled my hsa to hsabank.com for more investment opportunities


That's where I am setup at right now.


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CHSBears
Texas A&M Fan
Baton Rouge
Member since Aug 2007
563 posts

re: Medical expense deduction/HSA question
My HSA contribution is pre-tax, thru cafeteria plan with employer. Contribution is not included in taxable income on W-2.
This post was edited on 12/26 at 2:33 pm


Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
10152 posts

re: Medical expense deduction/HSA question
that's right....mine was too ...so no, you probably can't


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tigeryat
LSU Fan
God's Country
Member since Oct 2005
2591 posts

re: Medical expense deduction/HSA question
quote:

My question is can I contribute to my HSA and get that deduction, and deduct medical expenses provided I itemize and the expenses exceed 10% of my AGI in 2013 and don't reimburse myself from my HSA?


yes


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