Originally Posted by
MaydayMark
Let me guess? You are a healthy 25 year old RJ f/o without any dependents? In your case, there may be better investments that an HSA. For those of us with families, who pay some serious taxes, this is in fact a great tax savings vehicle.
But thanks for your input anyway ...
Nope....older than I'd like to admit, married with 2 kids.
Yes, you can deduct all of your medical expenses. However, you get more money back if you don't have 7.5% of your income in deductions. If you use an HSA, you don't get to use the 7.5% standard deduction. So if your HSA doesn't exceed 7.5% of your income, you are throwing money away.