Health Savings Account HSA CPA Exam Explained

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A Health Savings Account (HSA) is like a personal savings account, but it can only be used for qualified healthcare expenses. To be eligible, you must be enrolled in a High-Deductible Health Plan (HDHP).
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Опубликовано:

10 сен 2024

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Комментарии : 6

@sundeepkaur4258 11 месяцев назад

Hi Farhat! Thank you so much for this video. Can i just clarify the following: Distributions for qualified medical expense = NOT included in gross income Distributions for NO qualified medical expense = include in gross income + 20% penalty Contributions HSA within limit 3850 single/ 7750 families = included in adjustments to arrive at AGI? Contributions HSA in excess of limits above = DO NOT include within adjustments.

@sanjaymahurkar 3 года назад

Great explanation on HSA

@AccountingLectures 3 года назад

You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com