During 2015,Kathy,who is self-employed,paid $650 per month for an HSA contract that provides medical insurance coverage with a $3,000 deductible.The plan covers Kathy,her husband,and their three children.Of the $650 monthly fee,$300 was for the high-deductible policy,and $350 was deposited into an HSA.How much of the amount paid for the high-deductible policy can Kathy deduct as a deduction for AGI?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q81: Aaron,age 45,had AGI of $40,000 for 2015.He
Q82: Helen pays nursing home expenses of $3,000
Q84: Marilyn,age 38,is employed as an architect.For calendar
Q85: In Piatt County,the real property tax year
Q88: For calendar year 2015,Jon and Betty Hansen
Q89: Paul and Patty Black (both are age
Q90: Linda, who has AGI of $120,000 in
Q90: Samuel,a 36 year old individual who has
Q91: Paul,a calendar year married taxpayer,files a joint
Q92: Pat gave 5,000 shares of stock in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents