Interview Notes Leo Williams is single and 45 years old. Leo works as an IT mana
ID: 2561166 • Letter: I
Question
Interview Notes- Leo Williams is single and 45 years old.
- Leo works as an IT manager and his Form W-2 shows wages of $47,250.
- Leo participated in his employer’s self-only coverage High Deductible Health Plan (HDHP) all year.
- Leo does not have any other health coverage.
- Leo has had an HSA for two years.
- Leo’s employer contributed $1,500 in 2017 to Leo's HSA.
- In 2017, Leo’s Aunt contributed $2,000 to Leo's HSA.
- Leo is a U.S. citizen and has a valid Social Security number.
- Judy Young is 58 years old.
- Judy is single, is not disabled, and has no dependents.
- In 2017, she had earnings from her job of $24,300.
- Judy has participated in her employer's self-only HDHP coverage since June 1, 2017 when she started a new job.
- Judy was an eligible individual all year.
- Judy asked the HSA trustee from her previous job to transfer the balance of $2,000 into the HSA at her new job.
- In 2017, Judy contributed $975 to her HSA.
- In 2017, Judy took funds from her HSA to pay the following expenses:
- Insulin $275
- Doctor visit $185
- Yoga classes $300
- Prescription medicine $225
- Premiums for COBRA coverage $425
- Judy is a U.S. citizen and has a valid Social Security number.
- Judy Young is 58 years old.
- Judy is single, is not disabled, and has no dependents.
- In 2017, she had earnings from her job of $24,300.
- Judy has participated in her employer's self-only HDHP coverage since June 1, 2017 when she started a new job.
- Judy was an eligible individual all year.
- Judy asked the HSA trustee from her previous job to transfer the balance of $2,000 into the HSA at her new job.
- In 2017, Judy contributed $975 to her HSA.
- In 2017, Judy took funds from her HSA to pay the following expenses:
- Insulin $275
- Doctor visit $185
- Yoga classes $300
- Prescription medicine $225
- Premiums for COBRA coverage $425
- Judy is a U.S. citizen and has a valid Social Security number.
- Leo Williams is single and 45 years old.
- Leo works as an IT manager and his Form W-2 shows wages of $47,250.
- Leo participated in his employer’s self-only coverage High Deductible Health Plan (HDHP) all year.
- Leo does not have any other health coverage.
- Leo has had an HSA for two years.
- Leo’s employer contributed $1,500 in 2017 to Leo's HSA.
- In 2017, Leo’s Aunt contributed $2,000 to Leo's HSA.
- Leo is a U.S. citizen and has a valid Social Security number.
- Judy Young is 58 years old.
- Judy is single, is not disabled, and has no dependents.
- In 2017, she had earnings from her job of $24,300.
- Judy has participated in her employer's self-only HDHP coverage since June 1, 2017 when she started a new job.
- Judy was an eligible individual all year.
- Judy asked the HSA trustee from her previous job to transfer the balance of $2,000 into the HSA at her new job.
- In 2017, Judy contributed $975 to her HSA.
- In 2017, Judy took funds from her HSA to pay the following expenses:
- Insulin $275
- Doctor visit $185
- Yoga classes $300
- Prescription medicine $225
- Premiums for COBRA coverage $425
- Judy is a U.S. citizen and has a valid Social Security number.
Explanation / Answer
The HSA deduction is a deduction that you can claim for any post-tax personal funds that were applied to your HSA. If your HSA contributions were done entirely through your employer (whether or not it was matched by your employer in anyway) and was pre-tax, you will not see an amount in that line. Because the funds that you contributed directly through your employer's payroll are already not being taxed, you will not be able to take another deduction for the amount (basically, no double dipping).
The answer is $0
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