What is the Medical Savings Account (MSA) Credit?

If you claimed MSA amounts on federal Form 1040, you CANNOT claim MSA amounts on your Utah return. The Utah resident account holder of an MSA should receive a Form TC-675M, Statement of Withholding for Utah Medical Savings Account, from the account administrator. Include 5% of the sum of lines 5 and 6 from Form TC-675M. Keep Form TC-675M with your records.

Contributions to a health savings account (HSA) or a flexible spending account (FSA) do NOT qualify for this credit.

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