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Income Tax Planning
Chapter 5: Gross Income from Employment/HSA RULES
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 5: Gross Income from Employment

HSA RULES

01.Core Concepts

• Contribution not tied to deductible. • If eligible during last month of year, deemed eligible for entire year. • Can make a one-time, tax-free IRA distribution to fund an HSA if the owner remains eligible for 12 months. • Employer can make one-time transfer to HSA from: • Health reimbursement arrangement • Flexible spending plan