Taxpayers receive a 100% income tax deduction on annual contributions, they may withdraw HSA funds tax-free to reimburse themselves for qualified medical expenses, and they may defer taking such reimbursements indefinitely without penalties.
HSAs are unique - “IRAs on Steroids” - with triple tax advantages:
Tax-free accumulation of interest and dividends tax-free, and
Tax-free distributions for qualified medical expenses.
480 E. Winchester St. Suite 230 — Salt Lake City, UT 84107