Commonly overlooked tax deductions

HSAs and MSAs You can deduct your contribution to these accounts whether you itemize or not. The deduction for Health Savings Accounts (HSAs) is taken on line 25. If you have an Archer Medical Savings Account (MSA), you must indicate the deduction by writing in 'MSA' and the amount on the dotted line next to line 36. This adjustment is available only on Form 1040 .

HSAs and MSAs

You can deduct your contribution to these accounts whether you itemize or not. The deduction for Health Savings Accounts (HSAs) is taken on line 25. If you have an Archer Medical Savings Account (MSA), you must indicate the deduction by writing in "MSA" and the amount on the dotted line next to line 36. This adjustment is available only on Form 1040.

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