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Which of the following is not true of health savings accounts? C Distributions are taxable with a 20% penalty regardless of the taxpayer's age.

 

Which of the following is not true of health savings accounts? C Distributions are taxable with a 20% penalty regardless of the taxpayer's age. C Taxpayer must be covered by a high deductible health insurance plan. C Distributions are not taxable if used for medical expenses. Contributions within certain dollar limits are deductible for AGI. C

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