The National Directory of Certified Public Accountants

Ask A CPA - Health Savings Accounts

Are Distributions From My HSA Taxable?

Distributions from a HSA used exclusively to pay or reimburse qualified medical expenses of the account owner, spouse or dependents are not taxable. Distributions for non-medical expenses are taxable and subject to a 20% penalty.

If you need professional help with "Health Savings Accounts" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.