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No, you cannot simply withdraw (non-excess) HSA contributions, you will owe a 20% fee (in addition to the due taxes); It doesn't matter if it is the same year.

Source: IRS (Notice 2004-50 Q&A 35)

Q-35. May an individual who has not made excess HSA contributions treat a distribution from an HSA other than for qualified medical expenses as the withdrawal of excess HSA contributions?

 

A-35. No. This withdrawal is deemed a withdrawal for non-qualified medical expenses and includable in the individual’s gross income under section 223(f)(2). (The additional tax under section 223(f)(4) also applies, unless otherwise excepted).

The only exceptions for the 20% fee are when you turn 65, become disabled, or die.

No, you cannot simply withdraw (non-excess) HSA contributions, you will owe a 20% fee (in addition to the due taxes); It doesn't matter if it is the same year.

Source: IRS (Notice 2004-50 Q&A 35)

Q-35. May an individual who has not made excess HSA contributions treat a distribution from an HSA other than for qualified medical expenses as the withdrawal of excess HSA contributions?

 

A-35. No. This withdrawal is deemed a withdrawal for non-qualified medical expenses and includable in the individual’s gross income under section 223(f)(2). (The additional tax under section 223(f)(4) also applies, unless otherwise excepted).

The only exceptions for the 20% fee are when you turn 65, become disabled, or die.

No, you cannot simply withdraw (non-excess) HSA contributions, you will owe a 20% fee (in addition to the due taxes); It doesn't matter if it is the same year.

Source: IRS (Notice 2004-50 Q&A 35)

Q-35. May an individual who has not made excess HSA contributions treat a distribution from an HSA other than for qualified medical expenses as the withdrawal of excess HSA contributions?

A-35. No. This withdrawal is deemed a withdrawal for non-qualified medical expenses and includable in the individual’s gross income under section 223(f)(2). (The additional tax under section 223(f)(4) also applies, unless otherwise excepted).

The only exceptions for the 20% fee are when you turn 65, become disabled, or die.

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Aganju
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No, you cannot simply withdraw (non-excess) HSA contributions, you will owe a 20% fee (in addition to the due taxes); It doesn't matter if it is the same year.

Source: IRS (Notice 2004-50 Q&A 35)

Q-35. May an individual who has not made excess HSA contributions treat a distribution from an HSA other than for qualified medical expenses as the withdrawal of excess HSA contributions?

A-35. No. This withdrawal is deemed a withdrawal for non-qualified medical expenses and includable in the individual’s gross income under section 223(f)(2). (The additional tax under section 223(f)(4) also applies, unless otherwise excepted).

The only exceptions for the 20% fee are when you turn 59.565, become disabled, or die.

No, you cannot simply withdraw (non-excess) HSA contributions, you will owe a 20% fee (in addition to the due taxes); It doesn't matter if it is the same year.

Source: IRS (Notice 2004-50 Q&A 35)

Q-35. May an individual who has not made excess HSA contributions treat a distribution from an HSA other than for qualified medical expenses as the withdrawal of excess HSA contributions?

A-35. No. This withdrawal is deemed a withdrawal for non-qualified medical expenses and includable in the individual’s gross income under section 223(f)(2). (The additional tax under section 223(f)(4) also applies, unless otherwise excepted).

The only exceptions for the 20% fee are when you turn 59.5, become disabled, or die.

No, you cannot simply withdraw (non-excess) HSA contributions, you will owe a 20% fee (in addition to the due taxes); It doesn't matter if it is the same year.

Source: IRS (Notice 2004-50 Q&A 35)

Q-35. May an individual who has not made excess HSA contributions treat a distribution from an HSA other than for qualified medical expenses as the withdrawal of excess HSA contributions?

A-35. No. This withdrawal is deemed a withdrawal for non-qualified medical expenses and includable in the individual’s gross income under section 223(f)(2). (The additional tax under section 223(f)(4) also applies, unless otherwise excepted).

The only exceptions for the 20% fee are when you turn 65, become disabled, or die.

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No, you cannot simply withdraw (non-excess) HSA contributions, you will owe a 20% fee (in addition to the due taxes); It doesn't matter if it is the same year.

Source: IRS (IRA Notice 2004-50Notice 2004-50 Q&A 35)

Q-35. May an individual who has not made excess HSA contributions treat a distribution from an HSA other than for qualified medical expenses as the withdrawal of excess HSA contributions? 

A-35. No. This withdrawal is deemed a withdrawal for non-qualified medical expenses and includable in the individual’s gross income under section 223(f)(2). (The additional tax under section 223(f)(4) also applies, unless otherwise excepted).

The only exceptions for the 20% fee are when you turn 59.5, become disabled, or die.

No, you cannot simply withdraw (non-excess) HSA contributions, you will owe a 20% fee (in addition to the due taxes); It doesn't matter if it is the same year.

Source: IRS (IRA Notice 2004-50 Q&A 35)

Q-35. May an individual who has not made excess HSA contributions treat a distribution from an HSA other than for qualified medical expenses as the withdrawal of excess HSA contributions? A-35. No. This withdrawal is deemed a withdrawal for non-qualified medical expenses and includable in the individual’s gross income under section 223(f)(2). (The additional tax under section 223(f)(4) also applies, unless otherwise excepted).

The only exceptions for the 20% fee are when you turn 59.5, become disabled, or die.

No, you cannot simply withdraw (non-excess) HSA contributions, you will owe a 20% fee (in addition to the due taxes); It doesn't matter if it is the same year.

Source: IRS (Notice 2004-50 Q&A 35)

Q-35. May an individual who has not made excess HSA contributions treat a distribution from an HSA other than for qualified medical expenses as the withdrawal of excess HSA contributions? 

A-35. No. This withdrawal is deemed a withdrawal for non-qualified medical expenses and includable in the individual’s gross income under section 223(f)(2). (The additional tax under section 223(f)(4) also applies, unless otherwise excepted).

The only exceptions for the 20% fee are when you turn 59.5, become disabled, or die.

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Aganju
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