Not as easy as flipping a switch

September 2008
Employee Benefit News;Sep2008, Vol. 22 Issue 11, p35
The article assesses the tax breaks on the transfer of individual retirement account (IRA) to health savings accounts (HSA) and its impact on employee enrollment in this scheme in the U.S. The transfer is covered by a guidance issued by the U.S. Internal Revenue Service (IRS) which is aimed at subsidizing HSA with money from IRA, without facing federal income taxes or penalties. A sample computation of the amount that a worker can transfer is explained.


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