Explore the 1,000’s of tax questions answered by professionals.

Back to Tax Deductions

QUESTION DETAIL

Related User

Votes

Is an employee eligible to contribute to a health savings account (HSA) when their employer pays the premiums for their insurance coverage?


ANSWER


The BIDaWIZ Team's Answer:

Yes, it is allowed. It supplements one's health care coverage. Please note that the employee would claim the deduction on line 25 of their form 1040 and use the supplemental Form 8889. This is referenced in IRS Publication 969 and IRC Section 223.

The BIDaWIZ Team

 

 

  • Currently 4.6190/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
1547 Ans.