SoReady
Recycles dryer sheets
Every year I lower my AGI by putting money in an HSA. I just went on Medicare and have funded my HSA to the max. My wife's still needs $3600 to max hers out.
I'm a little short on additional funds to put in her HSA this year. So I'm thinking...
1. Take $3600 out to pay for some of the medical expenses for last year - 2020. (Wife broke her hip and plenty of bills to use the $3600 against)
2. I don't need the $3600 and want to continue to take advantage all that HSA has to offer, so I would then put the $3600 back in to the HSA.
3. Deduct the HSA contribution from my earnings to lower my AGI for 2021.
Any issues I may be missing?
TIA
I'm a little short on additional funds to put in her HSA this year. So I'm thinking...
1. Take $3600 out to pay for some of the medical expenses for last year - 2020. (Wife broke her hip and plenty of bills to use the $3600 against)
2. I don't need the $3600 and want to continue to take advantage all that HSA has to offer, so I would then put the $3600 back in to the HSA.
3. Deduct the HSA contribution from my earnings to lower my AGI for 2021.
Any issues I may be missing?
TIA