Skip to content
Ask Your Tax Question

Ask Your Tax Question

  • Home
  • About
  • Contact
  • Blog

Category: Health Savings Account

March 27, 2018March 24, 2018 askyourtaxquestion Finances, Health & Wellness, Health Insurance, Health Savings Account, Internal Revenue Service, IRS, Saving Money, Tax Deductions, Tax Questions, Taxes

Do You Know the “ABC’s” of an HSA-Health Savings Account?

While similar to FSAs (Flexible Savings Plans) in that both allow pre-tax contributions, Health Savings Accounts or HSAs offer taxpayers several additional tax benefits such as contributions that roll over from year to year (i.e., no “use it or lose it”), tax-free interest on earnings, and when used for qualified medical expenses, tax-free distributions.

Continue reading “Do You Know the “ABC’s” of an HSA-Health Savings Account?” →

Advertisement

Tax Term Spotlight

"Examination" - an IRS Examination is an audit. The two terms are used interchangeably. An audit/examination is a review or "examination" of an organization or individual's accounts and financial information to ensure information is reported correctly according to tax laws and to verify the reported amount of tax is correct. irs.gov

Additional Websites

www.hartwelltaxsolutions.com

IRS website

www.irs.gov
Blog at WordPress.com.
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
  • Follow Following
    • Ask Your Tax Question
    • Already have a WordPress.com account? Log in now.
    • Ask Your Tax Question
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar