Common Law Defines Minors as Females Under the Age of 18

question 141

True/False

Common law defines minors as females under the age of 18 and males under the age of 21.

---

Definitions:

Form 8889

The tax form used for reporting contributions, distributions, and taxes related to Health Savings Accounts (HSAs).

HSA

A Health Savings Account, a tax-advantaged account used to save for medical expenses.

Health Insurance Premiums

The amounts paid for health insurance coverage, which may be tax-deductible under certain conditions.

AGI Deduction

Adjustments made to gross income for purposes of calculating taxable income.