hello. I opened my first FHSA last year and contributed the max amount of 8000$ but i dont understand why i cant deduct from my taxes this year

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hello. I opened my first FHSA last year and contributed the max amount of 8000$ but i dont understand why i cant deduct from my taxes this year

Are you owing any taxes? The whole amount of $8000 will not get deducted from your Tax Owings.

For more information refer to Tax deductions for FHSA contributions

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