Funding a Health Savings Account, or HSA, is a great way to save and pay for qualified out-of-pocket medical expenses. But are you familiar with the withdrawal rules that come with these accounts? The penalty for failing to follow HSA distribution rules can result in you not only having to pay income tax on the entire distribution, but also a 20% penalty on top of that.

To ensure you take your withdrawals properly, click here pdfto download

“Planning for HSA Distributions in 5 Easy Steps.”

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Walter F. Pardo CWS®, PPC™

An Ed Slott Master Elite IRA Advisor

22 Church Street | P.O. Box 60 | Liberty Corner, NJ | 07938

Phone (877) 714-2362 | Fax 1 + (908) 325.0008

info@wfp-taxes.com

http://www.wfp-taxes.com/