|
|
| *Loan,banking and credit>>>tax accounting |
I have an HSA account. What is the rate at which I would be taxed, if I closed the the account now? |
I have an HSA account. What is the rate at which I would be taxed, if I closed the the account now? There is a 10% Penalty on the money, and the rest of the money will be taxed at your basic Federal and Local rate. For example, if you have $10,000 in your HSA, and you are taxed at a 30% rate, you will pay $1000 in penalties, and 30% of the remaining $9,000 = $2700 in taxes, netting you $6,300. your tax rate, plus a 10% penalty for not using it for medical expenses? just guessing. |
| Tags |
| tax accounting tax advice tax attorney tax bracket tax calculation tax calculator |
SiteMap--Copyright/IP Policy--Contact Webmaster For personal non-commercial use only. |