Glossary of Tax Terms: HSA

By | August 27th, 2013|Categories: Potpourri of Tax Topics|Tags: , |

In the tax world, the term "HSA" stands for "health savings account." An HSA allows you to save money, tax-advantaged, for medical expenses. Contributions to an HSA reduce your taxable income, and withdrawals from an HSA are tax-free if used for medical expenses. Requirements To qualify for an HSA, the basic requirements are: You must be [...]