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rmc 
LSU Fan
Zachary, LA
Member since Sep 2004
21153 posts
| Medical expense deduction/HSA question (Posted on 12/26/12 at 8:56 am)
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?
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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
9561 posts
| re: Medical expense deduction/HSA question (Posted on 12/26/12 at 10:35 am to rmc)
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...
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rmc
LSU Fan
Zachary, LA
Member since Sep 2004
21153 posts
| re: Medical expense deduction/HSA question (Posted on 12/26/12 at 11:44 am to Zilla)
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.
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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
9561 posts
| re: Medical expense deduction/HSA question (Posted on 12/26/12 at 1:11 pm to rmc)
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
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rmc
LSU Fan
Zachary, LA
Member since Sep 2004
21153 posts
| re: Medical expense deduction/HSA question (Posted on 12/26/12 at 1:35 pm to Zilla)
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
336 posts
| re: Medical expense deduction/HSA question (Posted on 12/26/12 at 2:32 pm to rmc)
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
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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
9561 posts
| re: Medical expense deduction/HSA question (Posted on 12/26/12 at 3:51 pm to CHSBears)
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
2400 posts
| re: Medical expense deduction/HSA question (Posted on 12/26/12 at 7:21 pm to rmc)
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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