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Posts Tagged ‘irs regulations’

My children are tax dependents of my former spouse -can I use my HSA to pay their medical expenses?


Posted on November 11th, 2008 by WPJ

 
Yes. IRS Notice  2008-59, Q&A 33 addresses the question of a dependent being claimed by a former spouse.   
Q-33. Do qualified medical expenses for HSA purposes include the § 213(d) medical expenses incurred by an account beneficiary’s child who is claimed as a dependent by the account beneficiary’s former spouse?
 A-33. Yes.

IRS details procedures for IRA to HSA transfers (with examples)


Posted on June 10th, 2008 by WPJ

The IRS issued guidance on the transfer of funds from an IRA to HSA. This notice provides guidance on a qualified HSA funding distribution from an individual’s Individual Retirement Account (IRA) or Roth IRA to a Health Savings Account (HSA). The qualified HSA funding distribution is a one-time transfer from an individual’s IRA to [...]