Average health savings account contributions are well below the maximum allowed, even though most HSA owners are taking distributions from their accounts and few are investing in them. That was among ...

HSAs provide excellent tax benefits; the IRS, however, requires information reporting to make sure individuals follow the rules. The account owner’s role in this process is to attach IRS Form 8889 to ...

HSA account owners that mistakenly take distributions from their HSAs have an opportunity to fix the mistake through special rules for the return of mistaken distributions. 1 The HSA account owner has ...

One of the most common notices from the IRS that my clients receive relates to distributions from their Health Savings Accounts (HSA). It is important to properly report these distributions from the ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. A health savings account (HSA) helps you save for future ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. A Health savings account (HSA) can help you save for ...

Health savings accounts have advantages beyond saving for medical expenses Rebecca Rosenberg has 10+ years of experience as a writer and content strategist. She has written dozens of articles on ...