Things You Can Deduct From a Health Savings Account?

Answer The best way to determine what medical expenses to deduct tax-free from a Health Savings Account is to follow the guidelines in IRS Publication 502, "Medical Expense Deductions," and IRS Publicatio... Read More »

Top Q&A For: Things You Can Deduct From a Health Savings Acc...

Can a Bank Deduct Late Payments From My Savings Account?

Your bank has a way to make you pay your debt without going through the courts: the right of offset. Because of the potential for abuse, the federal government places heavy restrictions on a bank t... Read More »

What Is the Difference Between a Health Reimbursement Account & a Health Savings Account?

Two health insurance options that have gained popularity compared to the conventional employer-paid health insurance are the Health Savings Account (HSA) and Health Reimbursement Account (HRA). The... Read More »

Is money deducted from a paycheck for a health savings account taxable?

Not only is your health savings account paycheck withdrawal not taxable, the growth of your health savings account won't be taxed either. If your employer takes taxes out of your check for this ded... Read More »

What is the difference between a health savings account&a flexible spending account?

Health savings accounts (HSAs) and flexible spending accounts (FSAs) are ways to put money aside for future heath care costs. Both provide tax advantages, but the qualifications and functions of th... Read More »