Phone: 866-300-4618; 586-772-6073

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Increased Tax on Nonqualifying HSA or Archer MSA Distributions


The additional tax for HSA withdrawals for other than qualified medical expenses before age 65 are increased from 10% to 20%, and the additional tax for Archer MSA withdrawals for other than qualified medical expenses is increased from 15% to 20%.  Distributions after age 65 are not subject to the penalty.

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    27109 Harper
    St. Clair Shores, Michigan 48081
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