By Martha Brown Menard, PhD, Director of Financial Coaching, Questis Do you have too much…
Do you have an HDHP paired with an HSA? Do you want to take advantage of your HSA savings? Section 213(d) of the Internal Revenue Service Tax Code states that funds you withdraw from your HSA are tax-free when used to pay for qualified medical expenses. So, what exactly qualifies as a medical expense? Here is our fourth and final tip of surprising places you can spend your HSA dollars:
By keeping a detailed record of your mileage, gas expenses, and parking fees; the money you spend on trips to the doctor’s office or to an outpatient surgical procedure can be tax-free!