- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
No, you do not have to pay tax on the balance of money left in a Health Savings Account (HSA).
It can stay in the same account from one year to the next and does not have to be depleted by a certain time. You will only pay tax on distributions from an HSA if the money is not used to pay qualified medical expenses while you are under the age of 65.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 15, 2020
7:02 AM