What’s considered a high deductible health plan for tax purposes

[CAMSDADDY]

State of Georgia is asking about high deductible health plan contributions on my tax return. Is 12c DD considered a high deductible health plan? W2 states cost of employer sponsored health coverage and amount reported not taxable. I would normally over look this or not question but the number in the box that is paid is a straight stupid amount of money.

 

[TV-TD]

**I am not a tax accountant** I have no clue what 12c DD is. However, I have a high deductible plan. If you don't have a health savings account, you probably don't have a high deductible plan. If you do, you might want to check to see of they're asking how much you contributed to your health savings account.

 

[CAMSDADDY]

Yes we have an HSA.

 

[palmettomoon]

From what I read it's non-taxable, information only. Your employer may or may not be required to supply this information on your W2 according to the ACA.

 

[TV-TD]

Is your employer contributing to your HSA? There are limits to how much you can put in the HSA since it's pre-tax dollars going in. The max/yr. for families is around $7,500. I'm also self-employed (I get 1099's not W2's) so I don't know if the number you're looking at on your w2 includes monthly premiums as well.

 

[TV-TD]

I guess I should have looked it up before I replied. Both turbo tax and HR block both said the DD in box 12 is for information only.

Decoding the W-2 box 12 -- What is it and is it added to my income?

Does your W-2 Box 12 show a letter code and dollar amount? Find out what the W-2 Box 12 codes mean from the tax experts at H&R Block.

www.hrblock.com

What is code DD in box 12 of my W-2?

Box 12 amounts with the code DD signify the total cost of what you and your employer paid for your employer-sponsored health coverage plan.Code DD amounts are f

ttlc.intuit.com

 

[CAMSDADDY]

I found that I could not use it since it was already included in my adjusted gross income.

 

[The Old Jaybird]

Don't worry, Obammy and Leaky Joe fixed US healthcare back in 2010 for you. No problems now.

 

[coolformula]

HSA should mean you have high deductible for tax purposes.

Not all places even offer an HSA, if your job offers one consider yourself lucky.