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Financial Planning / Tax Strategies


Subject:  Re: HDHP and HSA Question Date:  2/16/2011  8:00 PM
Author:  irasmilo Number:  112309 of 124783

So, my question, can you answer it?

Sure. Money contributed to an HSA is taxable income until it is spent on allowable medical expenses. When you entered data into TT, you told it about the income part before you told it what you spent the money on. As Phil said, that's the problem with the running refund counters -- they only know what they've been told up to that instant. The numbers aren't at all accurate until all the data is entered.

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