Tax Treatment of HSA Contributions. If you are eligible to contribute to an HSA for any month during the taxable year, amounts contributed to your HSA are deductible in determining adjusted gross income up to the maximum contribution limits discussed above. The deduction is allowed regardless of whether you itemize deductions. Employer contributions to your HSA are excludable from your gross income and you cannot deduct such amounts on your tax return as HSA contributions.
Appears in 7 contracts
Samples: Custodial Agreement and Disclosure Statement, Custodial Agreement, Custodial Agreement and Disclosure Statement
