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HSA withdraw questions
Old 10-11-2008, 03:30 PM   #1
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HSA withdraw questions

I am taking the HR block basic tax course. We discussed HSA's and he and I had a point of discussion:

I interpret HSA rules to be that you can withdraw HSA monies in any year after the HSA was created for a valid medical expense.

The instructor said you can only withdraw from an HSA in the year you incurred the medical expense.

Other opinions?

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Old 10-11-2008, 03:40 PM   #2
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The instructor is wrong. You are correct.

"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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Old 10-11-2008, 05:01 PM   #3
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I interpret HSA rules to be that you can withdraw HSA monies in any year after the HSA was created for a valid medical expense.

You are correct sir !

And you should also get a 1099 SA from your HSA trustee to show how much was taken out of the account for the tax year.
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