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quester [9]
2 years ago
13

The penalty for nonqualified distributions from a health savings account (HSA) is __________.

Business
1 answer:
Salsk061 [2.6K]2 years ago
7 0

If you take a non-qualified distribution, you are subject to ordinary income tax on the distribution and a 20% penalty tax. The penalty may not apply: if you are age 65 or older, if you are disabled or.

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This scenario illustrates that Horizon has failed to fulfill its <u>"Legal responsibility".</u>


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