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April 10, 2025
Question

Do you add medical expenses where you used your HSA card to pay for them?

  • April 10, 2025
  • 2 replies
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    2 replies

    April 10, 2025

    No---that would be double dipping.  The HSA money was pre-tax.

     

    You can enter out of pocket medical expenses you paid in 2024.

     

    MEDICAL EXPENSES

    The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.)  expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2024—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

     

    To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses

     

     

    2024 STANDARD DEDUCTION AMOUNTS

    SINGLE $14,600    (65 or older/legally blind + $1950)

    MARRIED FILING SEPARATELY            $14,600    (65 or older/legally blind + $1550)

    MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550)

    HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)

     

     

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    April 11, 2025

    If you are itemizing medical expenses on your 2024 tax return, when TurboTax asks you to enter your medical expenses, make sure to enter an item of Other expenses equal to the amount distributed from the HSA in 2024 to pay for qualified medical expenses.  TurboTax automatically subtracts the amount of an HSA distribution used for medical expenses when determining the amount of medical expenses to include on Schedule A.