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re: HSA account - where to open?
Posted on 11/8/11 at 10:05 am to Layabout
Posted on 11/8/11 at 10:05 am to Layabout
quote:
Is it too late to set this up?
I'm not 100% certain but my guess is that it is too late, because you can't withdraw penalty-free unless it is for a "qualified" expense. Paying yourself back after the fact so far as I know is not on the list of qualified expenses, that would just be a withdrawal to yourself which will raise all kinds of red flags.
1
Posted on 11/8/11 at 11:17 am to foshizzle
not true, you most def can pay yourself back .... I do it every year... nice xmas bonus...just save your receipts...it's between you and IRS after the fact. I'm just not sure about he lump sum contributions though....as long as you were on a HDHP I bet it's cool though...
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