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All of the following statements are true regarding a Health Saving Account (HSA) except: A. Cash contributions to an HSA are 100% deductible from the
All of the following statements are true regarding a Health Saving Account (HSA) except: A. Cash contributions to an HSA are 100% deductible from the taxpayers Federal gross income (within legal limits) B. Interest on savings accumulates tax deferred C. Withdrawals from an HSA for qualified medical expenses are free from Federal income tax D. The taxpayer will lose his or her HSA with a job change
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