cpabsd Posted March 31, 2008 Report Posted March 31, 2008 I have a client who has an HSA. My question is regarding the deduction. His monthly contribution was 149.60 with abount 100 going for premium and 49.60 going to the savings portion. Is the full amount deductible as contribution or just the savings account portion. I'm confused. Please help. Quote
OldJack Posted March 31, 2008 Report Posted March 31, 2008 I don't think the premiums go into the HSA for payment do they? Quote
taxtrio Posted March 31, 2008 Report Posted March 31, 2008 Premiums are premiums... sch A. the contributions to the HSA (Health Savings Account) are deductible if paid by employee, if paid by employer they should already be "pre-tax" and not deductible on the 1040. Quote
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