Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Defined Contribution Account Manager

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

Plan Administrator II

DWC - The 401(k) Experts
(Remote)

DWC - The 401(k) Experts logo

Sales Consultant

DWC - The 401(k) Experts
(Remote)

DWC - The 401(k) Experts logo

Plan Consultant II

MAP Retirement
(Remote / Jacksonville FL)

MAP Retirement logo

Retirement Plan Onboarding Specialist

Compass
(Remote / Stratham NH / Hybrid)

Compass logo

Pension Administrator

PPS Pension Services
(Remote / Williamsville NY / Hybrid)

PPS Pension Services logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Commentary on HSA Substantiation (PDF)
Urban Institute Link to more items from this source
[Opinion]
May 27, 2008
Excerpt: The problem is that, under current law, there is no way -- short of a tax audit -- to tell if tax-advantaged withdrawals from these accounts are legal or illegal. People don't have to verify whether they made a withdrawal for the copay on their child's asthma inhaler or whether it was for gourmet chocolate truffles. Since annual contributions to HSAs can be $2,900 for a single plan and $5,800 for a family plan, that can mean a lot of tax-free truffles, and a tax loss for the federal Treasury.

MORE >>

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).