### Question
How does ADDITIONAL ITEMIZED DEDUCTIONS FOR INDIVIDUALS define health savings account?


### Answer
Under *26 U.S.C. § 223*, **health savings account** is defined as:

> a trust created or organized in the United States as a health savings account exclusively for the purpose of paying the qualified medical expenses of the account beneficiary, but only if the written governing instrument creating the trust meets the following requirements:


(A) Except in the case of a rollover contribution described in subsection (f)(5) or section 220(f)(5), no contribution will be accepted—


(i) unless it is in cash, or


(ii) to the extent such contribution, when added to previous contributions to the trust for the calendar year, exceeds the sum of—


(I) the dollar amount in effect under subsection (b)(2)(B), and


(II) the dollar amount in effect under subsection (b)(3)(B)

#### Citation:
  - *26 U.S.C. § 223*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VII-ADDITIONAL ITEMIZED DEDUCTIONS FOR INDIVIDUALS**

