How To Withdraw From Your HSA Tax Free
Health savings accounts (HSAs) might provide the best tax benefits of any type of investment or retirement account. They come with strings attached though and are not the right fit for everyone. This video covers how to take money out of your HSA tax free, including the logistics and paper trail that’s reported to the IRS.
00:00 Introduction
00:30 Eligibility
01:15 How HSAs Work
01:50 Two Ways to Take Money Out
02:30 Tax Reporting
03:30 Qualified Expenses vs Non-Qualified Expenses
06:40 Rule of Thumb
07:05 Pro Tip