Any of the schools that use the CollegBoard linked NPC have this question regarding untaxed income.
Yes, I have filled in the proper boxes according to our 1040s for taxed income.
It’s just this one field in question. Looks like distributions from an HSA need to be included? But not the contributions? Not both certainly? Employer contributes 1.8 or 2K as part of an HDHP option. We fund up to the max beyond that.
From the NPC:
The answer to this question is the total of the following items made or received:
- Deductible retirement payments made (IRS Form 1040 Schedule 1, lines 16 and 20)
- Payments made to tax-deferred pension plans (Often found in W-2 form, Box 12; list any amounts preceded with any of the following letters: D, E, F, G, H, or S )
- Untaxed portions of IRA distributions or pensions, excluding “rollovers” received (IRS Form 1040, lines 4a minus 4b, and 5a minus 5b)
- Tax-exempt interest income received (IRS Form 1040, line 2a)
- Health savings account (HSA) deduction (IRS Form 1040 Schedule 1, line 13)
- Housing, food, and other living allowances received, including on-base housing or basic military housing allowances
- Veterans non-education benefits such as Disability, Death pension, or DIC and VA Educational Work-Study allowances
- All other untaxed income not reported elsewhere in this calculator