Health Savings Accounts

Tax-favored Health Savings Accounts (HSAs) can be established by eligible individuals to pay health expenses. The employee, the employer and others may contribute to an employee’s HSA. In an Information Letter, the IRS describes situations where an employer, after making a mistaken contribution to an HSA, can recoup the funds. For example, if the employee wasn’t eligible for an HSA, then it “never existed,” and the employer can request the return of the funds from the financial institution that received them. Read Info Letter 2018-0033 here:

By | 2019-05-10T09:50:48+00:00 May 10th, 2019|Federal Tax Posts|Comments Off on Health Savings Accounts