What Idaho medical savings account contributions and interest can be subtracted?

You may contribute up to $10,000 ($20,000 if Married Filing Jointly) to an Idaho medical savings account and deduct the contribution. Deductible contributions don't include reimbursements that were redeposited into your Idaho medical savings account. Don't include amounts deducted on federal Form 1040.

An Idaho medical savings account is generally established with a bank, savings and loan, or credit union. The account is established to pay eligible medical expenses of the account holder and the account holder's dependents.

Enter the interest earned on the account, but only if included in your federal or Idaho income. Also enter the name of the financial institution and your account number in the spaces provided. Part-year/Nonresident: Only enter interest included in Idaho income.

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