Question
Sharon (70) contributed to an HSA before she retired and still has funds available. If she uses $1,500 of her HSA funds to pay her
Sharon (70) contributed to an HSA before she retired and still has funds available. If she uses $1,500 of her HSA funds to pay her Medicare Part B premiums, what is the federal tax consequence?
No tax and no penalty.
Ordinary income tax, but no penalty.
No tax, but 10% penalty.
No tax, but 20% penalty.
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Introductory Accounting Finance And Auditing For Lawyers
Authors: Lawrence Cunningham
7th Edition
1634604105, 9781634604109
