My gut tells me you can't reimburse any of the $10k since you technically itemized all of them even if it only

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Feb 24, 2021
1:18:52pm

supertux Professional CBer

resulted in a $5k deduction.

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supertux

Previous username: Hot Extrusion
Bio page: supertux
Joined: Nov 29, 2012
Last login: Jun 8, 2024
Total posts: 56,123 (17,568 FO)

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Messages

Author

Time

HSA Reimbursement Question for anyone in the know

BYUFootballisBack

2/24/21 1:02pm

I don't think itemizing matters at all. If you paid out of pocket, that is what you can reimburse.

TheLoneCougar

2/24/21 1:04pm

And if you can afford to keep the money in the HSA you should not use it.

FrontLineFan

2/24/21 1:07pm

Yes it's a long term investment vehicle. I never take any money out of mine.

Kauai

2/24/21 1:08pm

Curious why you think this way

willkie40

2/24/21 2:00pm

If you invest that money instead, its like you are giving yourself a tax free

BYUFootballisBack

2/24/21 2:04pm

It can grow and grow many multiples of what you put in it when you really need

Kauai

2/25/21 10:57am

I don't, I just was realizing that maybe I messed myself up by itemizing

BYUFootballisBack

2/24/21 1:10pm

By "this year" do you mean 2020?

dratax

2/24/21 1:29pm

Yeah I meant expenses for last year.

BYUFootballisBack

2/24/21 1:29pm

Maybe I misunderstood the article I was reading, but it sure made it sound like

BYUFootballisBack

2/24/21 1:09pm

That is correct, you can't deduct a medical expense if you paid for it with HSA. I don't know the answer to your

supertux

2/24/21 1:15pm

My gut tells me you can't reimburse any of the $10k since you technically itemized all of them even if it only

supertux

2/24/21 1:18pm

Thats what it seems like, my brain can't think if that sucks or not... haha

BYUFootballisBack

2/24/21 1:29pm

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