Are Health Savings Accounts contributions still deductible under AMT?

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Are Health Savings Accounts contributions still deductible under AMT?

If HSA contributions are not pre-tax under AMT I don't think it's worth it, so I'd like to know.

2006-12-24 06:25:29 · 2 answers · asked by Paul M 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

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.

2006-12-24 06:31:57 · answer #1 · answered by skip 6 · 0⤊ 1⤋

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.

2006-12-25 05:35:24 · answer #2 · answered by waggy_33 6 · 0⤊ 0⤋