Which of the following is not true of health savings accounts? C Distributions are taxable with...
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Which of the following is not true of health savings accounts? C Distributions are taxable with a 20% penalty regardless of the taxpayer's age. C Taxpayer must be covered by a high deductible health insurance plan. C Distributions are not taxable if used for medical expenses. Contributions within certain dollar limits are deductible for AGI. C Which of the following is not true of health savings accounts? C Distributions are taxable with a 20% penalty regardless of the taxpayer's age. C Taxpayer must be covered by a high deductible health insurance plan. C Distributions are not taxable if used for medical expenses. Contributions within certain dollar limits are deductible for AGI. C
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Answer First option is not true Health saving accou... View the full answer
Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
Posted Date:
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