Tax Update Blog: Permalink
« Previous · Tax Update Blog Home · Next »
IRS ISSUES Q&A DISCUSSION OF HEALTH SAVINGS ACCOUNTS
December 22, 2003
The IRS has posted a discussion of the new Health Savings Accounts (HSAs) in its website (Notice 2004-4; pdf format).
HSAs are IRA-like accounts that can receive tax deductible contributions from individuals and make tax-free distributions to cover medical expenses. The become available in 2004.
The notice answers a number of practical questions. For example, it states that HSA trustees will not be required to verify that distributions are for qualified medical expenses; HSA beneficiaries will have to document the qualifed expenses.
You can also find our introduction to HSAs here.
Bookmark: del.icio.us • Digg • reddit
Tax Updates
Subscribe to Tax Updates
The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
Search Tax Updates
Friends and Neighbors
Economics Nerds
Hard-Core Tax Nerds
Gigablogs
Insurance Folk
Goners
Legislation
Tax Update Data Feeds
