Quote

"To get rich, never risk your health. For it is the truth that health is the wealth of wealth."

-Richard Baker, American Congressman

Monday, March 24, 2008

Tax Time!

If you're using TurboTax to file your taxes this year, be aware that it has become a little more difficult to deduct Health Savings Account contributions from your gross income on Form 1040.

This comes from Inside Consumer-Directed Care, via AIS Health.com
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"Searching TurboTax’s help files, consultant and former White House health policy advisor Roy Ramthun found the answer — HSAs are addressed under 'misc. income' rather than 'misc. deductions.' 'I’m not sure why TurboTax would put it this way,' says Ramthun, of Silver Spring, Md.-based HSA Consulting Services. 'I would think it would be more obvious that it is ‘misc. deductions.'"

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