HEALTH SAVINGS ACCOUNTS (HSAs) AN EXCELLENT TAX PLANNING TOOL
by Michael Wiener, E.A. HSAs were established under the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 thus making 2004 the first year these accounts were available. Under Code Sec. 223, the Tax relief and Health Care Act of 2006 added taxpayer friendly changes. An HSA is a tax-exempt trust or custodial account exclusively […]
