Are Health Savings Accounts contributions still deductible under AMT?
by admin ~ October 24th, 2008 . Filed under: United States .
Paul M asked:
If HSA contributions are not pre-tax under AMT I don’t think it’s worth it, so I’d like to know.
Jackie Helen
If HSA contributions are not pre-tax under AMT I don’t think it’s worth it, so I’d like to know.
Jackie Helen
October 26th, 2008 at 10:14 pm
Yes, they’re still deductible. HSAs are about to become a great retirement tool for the wealthy, especially if you have a substantial traditional IRA. Ask your tax pro about this.
October 27th, 2008 at 11:59 am
yes it is deductible for both regular tax and alt min tax. If you can do it I think this is a great tool for future retirement health costs.