Eligibility for a health savings account (HSA) is determined for each individual. If you qualify, you can set up an account for yourself even though your spouse is ineligible for one because of being on Medicare. Thus, if you are too young for Medicare and have a high-deductible health plan (either a self-only plan or a family plan covering you and a dependent), you can contribute to the account. Usually, the bronze plan from a government Marketplace meets the definition of a high-deductible health plan. Remember that if you are at least 55 years old, you can add up to $1,000 to the basic contribution limit.
Items, such as interest, state and local income and sales taxes, charitable contributions, and medical deductions, claimed on Schedule A of Form 1040. Itemized deductions are subtracted from adjusted gross income to arrive at taxable income. The amount of itemized deductions is also subject to a reduction when adjusted gross income exceeds certain limits.