- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
If you are under age 65 at the time of the distribution and you take $5,000 out of the HSA for nonqualified expenses, you'll owe a $1,000 penalty in addition to the incremental income tax liability on $5,000 of ordinary income.
May 22, 2023
12:48 PM