The form sent or provided online by the health savings account (HSA) trustee to report a taxpayer’s contributions to an HSA is:
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Jacinda decides to file separately from her husband, Xavier. On his separately filed return, Xavier claims itemized deductions in the amount of $15,223. What are Jacinda’s options regarding itemizing on her federal return?
Jacinda can use the full standard deduction of $12,950 or itemized deductions if she has enough to exceed that number.
Because Xavier is itemizing, Jacinda may not use the standard deduction. She is required to itemize deductions on her return.
Jacinda is able to claim either the full standard deduction or one-half of Xavier’s itemized deductions, whichever is greater.
Because they are married, even though not filing jointly, Jacinda is required to take one-half of the amount of Xavier’s itemized deductions as her standard deduction.