WebOpus 17. Level 15. January 12, 2024 2:03 PM. @BillM223 wrote: Actually, no, you can't make a prior year contribution to your old HSA. The reason is that to make an HSA contribution for a prior year, you have to have had HDHP coverage in that prior year. You apparently did not have HDHP coverage in 2024. WebDec 5, 2024 · You can apply your FSA funds towards your part of the bill. Alternative medicine Most people can use their FSA dollars on acupuncture and chiropractor visits, …
Flexible Spending Accounts and Your Tax Return - 1040.com
WebFor an FSA, this includes your adult children through the age of 26. A qualifying relative is an adult dependent whom you can claim on your tax return. A letter of medical necessity is required for any expense listed as such on our Eligibility List (and potentially others if your FSA administrator requires it). WebJun 10, 2024 · An FSA, or flexible savings account, is a tax-advantaged savings account you can fund through deductions from your paycheck (provided your employer offers an … tenergy nimh subc
FSA Reimbursement: Filing Claims, Rules and Deadlines
WebMar 6, 2024 · You can use your health FSA funds to pay for many out-of-pocket medical expenses and drugstore items not covered by insurance can be paid for with FSA funds. … WebDec 8, 2024 · You can use the $1,200 you’ve already saved to pay part of your bill, then use your regular $100 contributions to the HSA to make monthly payments on your bill for the next eight months — the good news is that most … WebJun 6, 2024 · You won't be able to use the 2024 FSA funds to pay off your 2024 medical expenses, but you may be able to deduct your 2024 medical expenses if you itemize your deductions and the medical expenses exceed 10% of your Adjusted Gross Income (7.5% if you are 65 and older). 0 Reply leric9027 New Member June 6, 2024 6:13 AM This was … tenergy nicd subc 2200mah