Health Savings Account-Health Savings Account Info

Sharon P asked: I received my W-2 from my employer. It does not show the amount of money I contributed to my Health Savings Account nor the amount the company contributed. (They contribute money each quarter to employees. We do not have a cafeteria plan) According the the info from the bank where I have [...]

Robbie asked: If your W-2 shows an amount in box 12 for an employer contribution to a health savings account, do you need to fill out a special form for taxes? Or do you simply enter the information on your w-2 if filling out electronically?Stanley Duley

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Zola asked: How does it work?
What are you personal feelings on it?Shana Samela

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K S asked: I am filling out my information in Turbo Tax and when I add how much I am contributing to my Health Savings Account, it reduces my tax refund. Does this mean I am being taxed on this money? I thought HSA contributions were supposed to be tax protected? Any advice would be [...]

Matt D asked: I have a Health Savings Account through work that I added my wife too. Does this mean I have to file jointly with her, or will we still be able to file separately if the figures come out better that way?Kareem Mosqueda

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sean94110 asked: I opened a health savings account two weeks ago. Can I use it to reimburse myself for qualified medical expenses from 2009?Samuel Wessinger

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yamahaguitargirl asked: If I completed my W-4 as single, 2 allowances (but I have no children) will I get a refund this year?
It seems that my employer might have withheld too little federal tax. I make $1240 (gross) bi-weekly, and I am a single person who has no children but I claim 1 for myself [...]

Q&A lady asked: my husband has an Health savings plan at work for medical insurance. The family deductible is $3000, which the company actually reimburses us for through the HSA account. Beyond that my husband has about $2400/year that he has deducted from his paychecks to cover the premiums. Is this $2400 something [...]

David S asked: Is there any reason do get a health savings account, since my employer is providing health coverage, i.e. will I still save on taxes? Or is it better to get a cafeteria plan (which is also called a flex plan)?Tanja Legallo

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Kia asked: I am single parent with no help from Medicaid or any state aid and I make $28k and I pay $4500 annualy employer healthcare insurance for my family (two children). Will the Healthcare FSA reduce my income for EITC. I need to know if the HSA offered at work will [...]