What are the rules for withdrawing from my HSA?
You can withdraw funds from your HSA tax-free for qualified medical expenses. What specific expenses are you curious about?
Can I use HSA funds for dental and vision expenses?
Yes, you can use HSA funds for dental and vision expenses as long as they are qualified medical expenses.
Are there any penalties for non-medical withdrawals?
Yes, if you withdraw funds for non-medical expenses before age 65, you'll face a 20% penalty plus income tax on the amount.
What happens if I withdraw money after turning 65?
After age 65, you can withdraw HSA funds for any reason without penalty, but non-medical withdrawals will be taxed as income.
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