Health Savings Accounts (HSAs) are a great way for individuals to save money for medical expenses while also enjoying tax benefits. However, it’s important to know what expenses are considered eligible for HSA funds in order to avoid any penalties or taxes. The IRS provides a list of eligible HSA expenses each year, and having a printable version of this list can be helpful for easy reference.
As we enter into 2019, it’s important to familiarize yourself with the eligible expenses that can be paid for using your HSA funds. This can include a wide range of medical expenses such as doctor’s visits, prescription medications, dental care, and even certain over-the-counter items. Having a printable list of these expenses can help you stay organized and ensure that you are using your HSA funds appropriately.
Printable List Of Eligible Hsa Expenses 2019
It’s important to note that not all medical expenses are considered eligible for HSA funds. Some expenses, such as cosmetic procedures or health club memberships, are not eligible and using your HSA funds for these expenses can result in penalties. By having a printable list of eligible expenses on hand, you can easily check to see if a specific medical expense is allowed before using your HSA funds.
Having a printable list of eligible HSA expenses for 2019 can also be helpful when it comes time to file your taxes. Keeping track of your medical expenses and ensuring that they are eligible for HSA funds can make the tax-filing process smoother and help you maximize the tax benefits of your HSA. It’s always a good idea to consult with a tax professional if you have any questions about which expenses are eligible for HSA funds.
In conclusion, having a printable list of eligible HSA expenses for 2019 can be a valuable tool for individuals looking to make the most of their HSA funds. By staying informed about which expenses are allowed and keeping track of your medical spending, you can ensure that you are using your HSA funds wisely and avoiding any potential penalties. Be sure to download a printable list of eligible HSA expenses for 2019 and keep it handy for easy reference.