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Which of the following statements are correct about Health Savings Account (HSA)? Choose all that are correct. Group of answer choices When you take money
Which of the following statements are correct about Health Savings Account (HSA)? Choose all that are correct.
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When you take money from HSA (distribution) to pay for qualified medical expenses, the distribution is tax-free (exclude from taxable income).
For 2023, if you have self-only coverage, your maximum contribution to HSA is $3,850.
Both you and your employer can contribute to your HSA.
Contribution to HSA is pre-tax.
For 2023, if you have family coverage, your maximum contribution to HSA is $7,750.
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