Will a Distribution from Your HSA be Tax & Penalty Free?
- Derick Coffey
- Jan 1, 2024
- 1 min read
Updated: Feb 11
The triple tax advantage that the HSA provides is wonderful. The process of withdrawing the funds to ensure you do not incur taxes and/or penalties is not so wonderful. If you need to withdraw funds from an HSA, this flowchart can help prepare you for any applicable taxes and/or penalties related to the withdrawal.
