"NEWS NOTES"

From the office of Angle, Zaebst & Associates

Funding your HSA with your IRA 
Do you have a Health Savings Account (HSA) or would you like to open one?  You may be able to fund your  HSA using a one-time distribution from your traditional or Roth IRA account.  There is a limit to the amount you can contribute, and it must be made directly by the trustee of the IRA to the trustee of the HSA.
 
The distribution is not included in your income nor is it deductible. You must make the distribution by the end of the year, and only one HSA funding distribution is allowed during your lifetime.
 

Not everyone is eligible for a Health Savings Account.  Please call us if you have questions and would like to discuss this matter further.

An archive of News Notes is available on our web page.  Click on the Angle, Zaebst & Associates quick link (below) to go to our website, then click on the News Notes Archives link found on our homepage. 

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Each entity or individual's situation is unique and should be analyzed based upon all of the laws and regulations that exist at the time of a decision. Although we try to send current and accurate information, laws change and can be complex. The information presented in this e-mail should not be construed as legal, tax or accounting advice. You should consult with Angle, Zaebst & Associates, CPA's or other professionals familiar with your particular situation for advice concerning specific tax or other matters before making any decision.