What are the federal tax benefits of HSAs?
• Individuals can deduct the amount of their HSA contributions from their federal income taxes. • Your employer’s contribution to your HSA account is not counted as taxable income. • You can withdraw funds from an HSA tax free to pay for qualifi ed medical expenses. • All interest earnings on HSAs are tax free.
Related Questions
- I don agree with the amounts shown on my "Information for Determining Federal Tax Benefits for Higher Education Expenses" (financial supplement). What should I do?
- How can I get a copy of my "Information for Determining Federal Tax Benefits for Higher Education Expenses" (Financial Supplement)?
- What are the federal tax benefits of HSAs?
