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Health Savings Accounts (HSAs) can be a powerful tool to save and pay for health plan-related expenses and save on taxes.
You might be aware that HSAs can be used to pay qualified medical care expenses, but are you aware of all the expenses that qualify?
According to IRS Publication 969, you may request tax-free distributions from your account to pay for or be reimbursed for qualified medical expenses.
The list of eligible expenses are generally the same expenses that qualify for medical and dental expense tax deductions. Those expenses are listed in IRS Publication 502.