If you use a non employer plan, I'm guessing

The money technically goes into the HSA after tax, then you include that on your tax return to get the credit back? With an employer plan, the money comes out of your paycheck pre tax. I can't think of how you could pull that off with a non employer plan.

It still works out as pre tax money in the end, but it does require the extra step of claiming the credit on your tax return, right?

In response to this post by beancounter77

Posted: 04/28/2022 at 9:44PM

Trying to make sure I'm not screwing up my retirement contributions -- Tafkam Hokie 04/28/2022 3:14PM

The answer is "No, they don't." -- HokieJay 04/28/2022 5:56PM

Don’t forget to maximize your HSA if you qualify -- beancounter77 04/28/2022 4:27PM

I max mine every yr, my company seeds it with $4600 and I do the rest. Pay -- B777Fr8Dog 04/28/2022 8:04PM

(a) I don't have an HSA, and (b) when I have had one, it's always been a -- Tafkam Hokie 04/28/2022 4:35PM

Moot point if you’re not eligible, but just FYI next time, you don’t -- beancounter77 04/28/2022 8:12PM

If you use a non employer plan, I'm guessing -- Tafkam Hokie 04/28/2022 9:44PM

Correct, you will get a contribution tax form at the end of the year and -- beancounter77 04/28/2022 10:24PM

I am fairly confident the traditional IRA and 401k contributions ... -- vt90 04/28/2022 3:17PM

Did you know that a Roth IRA doesn't just collect money and you have to -- Hurley09 04/28/2022 4:03PM

Oof, that's rough. At least you aren't 50 and finding that out. ** -- hoosnowahokie 04/28/2022 4:09PM

LOL ... yep, I don't know much but I knew that. ** -- vt90 04/28/2022 4:05PM

I didn't know that. I though it was an "either, or" proposition. -- EDGEMAN 04/28/2022 3:49PM

Let me rephrase ... -- vt90 04/28/2022 3:52PM

Roth contributions are non-deductible, but all earnings are tax free. -- EDGEMAN 04/28/2022 3:59PM

Right, but as Hoke points out below ... -- vt90 04/28/2022 4:02PM

Also there is an income cap for IRA contributions -- Hoke 04/28/2022 3:35PM

Roth IRA also has income limits. -- Tank 04/28/2022 4:13PM

Unless your 401k plan permits AT contributions to backdoor Roth IRA. -- Fatman 04/28/2022 4:29PM

Income cap is not an issue. I just have no debt, no mortgage -- Tafkam Hokie 04/28/2022 4:04PM

I don't believe there is an income limit for non-deductible traditional IRA -- vt90 04/28/2022 3:40PM

You're right on non-deductible -- Hoke 04/28/2022 3:46PM

True ... only benefits are that I am volume saving ... -- vt90 04/28/2022 3:48PM

She can spend it, but you incur an additional penalty. -- EDGEMAN 04/28/2022 3:50PM

Nice work Andy Dufrene. ** -- GreenvilleVT 04/28/2022 7:50PM

She's smarter than that and she wants to retire too. ** -- vt90 04/28/2022 3:53PM

If you use a non employer plan, I'm guessing

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