Quote:
Originally Posted by retiredguy123
As I understand it, all HSA contributions are tax deductible. From "investmentfirms.com":
"How Do I Know If My HSA Contributions Are Tax Deductible?
All HSA contributions are tax deductible. The earnings from investments made through your HSA as well as withdrawals for medical expenses are also tax deductible. The tax advantages provided by an HSA makes it very attractive compared to more traditional types of medical coverage."
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Only qualified contributions are tax deductible. If you add extra money above the allowed and qualified limits it is not tax deductible.
The qualified contributions are tax deductible. The withdrawals for medical expenses are not tax deductible. They are not taxable income..
The earnings are also not tax deductible. These earnings are not taxed.
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Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. John Adams
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