New Rules Coming for Payments Out of Health Savings Accounts

Fox News ^ | Oct. 16, 2010

[kearnyirish2]

“Would you approve of that?”

No, but you are incorrect about the “public school” bit. You are required to provide the social security numbers of the children you are claiming; this is how the government confirms the validity of (and prevents duplication of) the deduction. As an American I understand your disagreement with the policy (and support that disagreement); as somebody familiar with federal income taxes I understand the government’s concern about being misled by a scenario in which every OTC medicine for an extended family ends up on one person’s medical deduction.

[kearnyirish2]

“The left doesn’t like Health Savings Accounts. The concept reeks of “freedom” and they really hate freedom.”

The left doesn’t like anything that someone may have that someone else may not; that is why the most industrious despise them and the most unproductive worship them.

[Harmless Teddy Bear]

No, but you are incorrect about the “public school” bit.

No I am not. That is exactly what they are doing.

If you choose freely to buy something medical without your doctor's permission then you are punished just as if you choose to send your children to something other then a public school you are punished.

understand the government’s concern about being misled by a scenario in which every OTC medicine for an extended family ends up on one person’s medical deduction.

And I don't. The money is being spent on medical items just as it is meant. I don't understand why that would be a problem for you or for anyone.

[kearnyirish2]

“The money is being spent on medical items just as it is meant. I don’t understand why that would be a problem for you or for anyone.”

That says it all; I should be able to deduct the medical expenses of anyone I know, and the government should just accept that. A lot of these pills are used for methamphetamine, too...