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Author Question: Which of the following statements regarding Health Savings Accounts isincorrect? (Read 58 times)

Diane

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Which of the following statements regarding Health Savings Accounts is incorrect?
◦ Taxpayers are allowed to deduct contributions to a health savings account for AGI.
◦ All taxpayers are eligible to establish a health savings account.
◦ Distributions from a health savings account are excluded from gross income if used to pay qualified medical expenses.
◦ Health savings account contributions are limited to the lesser of 100% of annual deductible under high deductible health plan or $3,350 for taxpayers without family coverage.


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Marked as best answer by Diane on Sep 13, 2020

krakiolit

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Diane

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Reply 2 on: Sep 13, 2020
Gracias!


AmberC1996

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Reply 3 on: Yesterday
Excellent

 

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