Health Savings Account HSA CPA Exam Explained
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- เผยแพร่เมื่อ 26 ส.ค. 2024
- A Health Savings Account (HSA) is like a personal savings account, but it can only be used for qualified healthcare expenses. To be eligible, you must be enrolled in a High-Deductible Health Plan (HDHP).
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Great explanation on HSA
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Hi Farhat! Thank you so much for this video. Can i just clarify the following:
Distributions for qualified medical expense = NOT included in gross income
Distributions for NO qualified medical expense = include in gross income + 20% penalty
Contributions HSA within limit 3850 single/ 7750 families = included in adjustments to arrive at AGI?
Contributions HSA in excess of limits above = DO NOT include within adjustments.
Moore Barbara Anderson Brian Hernandez Michelle