Archive for the ‘United States’ Category
can my health saving account be garnished?
metty asked:
my work is offering a new hsa medical program. really is the best way to go, but Im still clearing up tax liens and wonder if hsa accounts can be garnished or liened upon?
Buster Zipp
my work is offering a new hsa medical program. really is the best way to go, but Im still clearing up tax liens and wonder if hsa accounts can be garnished or liened upon?
Buster Zipp
Do savings in your bank account count towards federal yearly income?
ltvolt asked:
so in order to get free health care coverage under Obamacare you need to make below a certain threshold per year. Suppose I make no money but I have some savings in the back to live from. Does this savings count for yearly income? Does it all get taxed? Would you be considered in poverty?
Annabelle Hutchingson
so in order to get free health care coverage under Obamacare you need to make below a certain threshold per year. Suppose I make no money but I have some savings in the back to live from. Does this savings count for yearly income? Does it all get taxed? Would you be considered in poverty?
Annabelle Hutchingson
Must Health Savings Account contributions be listed on my W-2 for tax year 2009?
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 my HSA the contributed amount should be on my W-2. If anyone can help with this I would appreciate it.
Thanks
Stop spamming my question. I am reporting you to yahoo.
We do not have a cafeteria plan.
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 my HSA the contributed amount should be on my W-2. If anyone can help with this I would appreciate it.
Thanks
Stop spamming my question. I am reporting you to yahoo.
We do not have a cafeteria plan.
On my taxes do I include the contributions from myself AND my employer? Or must I somehow submit those seperatly?
Erich Brown
Health savings account questions?
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
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
What is a Health Savings Account (HSA)?
Zola asked:
How does it work?
What are you personal feelings on it?
Shana Samela
How does it work?
What are you personal feelings on it?
Shana Samela
Why are my HSA Contributions being taxed?
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 appreciated.
Thank you all for your quick responses – the form did adjust later when I completed the 8889. TurboTax is a little misleading and suggests I am being taxed on this when is reduces my refund after filling in 12(c).
Barney Fager
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 appreciated.
Thank you all for your quick responses – the form did adjust later when I completed the 8889. TurboTax is a little misleading and suggests I am being taxed on this when is reduces my refund after filling in 12(c).
Barney Fager
Question on HSA and filing status?
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
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
health savings account question?
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
I opened a health savings account two weeks ago. Can I use it to reimburse myself for qualified medical expenses from 2009?
Samuel Wessinger
Will I get a refund this year?
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 and 1 for being single just as it instructs on my W-4 and just as I have ALWAYS done for the past 15 years of working. This year, it’s different. In 2007, I made gross wages of $29,900 and they took federal tax of $3636.14, then in 2008 I made gross wages of $32,312.30 and they took federal tax of $3,808.76, now for 2009 I made gross wages of $31,357.48 and they only took $2,284.00 in federal taxes ??? This will result in me owing the IRS! . Why is this year different from last year? I made less this year than last year and I got an almost $900 refund. The only other deductions I have are year end medical at $896.42 and year end health savings account contributions of which $300 was employer and $350 my own. There’s a significant difference it seems. What am I missing?? Why would my employer only take $2,284.00 year end for federal withholding when my salary hasn’t differed that much in the last 3 years?
Adam Waterman
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 and 1 for being single just as it instructs on my W-4 and just as I have ALWAYS done for the past 15 years of working. This year, it’s different. In 2007, I made gross wages of $29,900 and they took federal tax of $3636.14, then in 2008 I made gross wages of $32,312.30 and they took federal tax of $3,808.76, now for 2009 I made gross wages of $31,357.48 and they only took $2,284.00 in federal taxes ??? This will result in me owing the IRS! . Why is this year different from last year? I made less this year than last year and I got an almost $900 refund. The only other deductions I have are year end medical at $896.42 and year end health savings account contributions of which $300 was employer and $350 my own. There’s a significant difference it seems. What am I missing?? Why would my employer only take $2,284.00 year end for federal withholding when my salary hasn’t differed that much in the last 3 years?
Adam Waterman
can you deduct premium costs on your taxes from an employer HSA plan?
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 we can write off as an out of pocket expense??
Modesto Faustino
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 we can write off as an out of pocket expense??
Modesto Faustino