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HSA in Tax Meaning

The HSA meaning in Tax terms is "Health Saving Account". There are 1 related meanings of the HSA Tax abbreviation.

HSA on Tax Full Forms

  1. Health Saving Account An account that allows individuals to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax free basis. Health Savings Accounts (HSAs) were created by H. R. 1, the "Medicare Prescription Drug, Improvement and Modernization Act of 2003," which was signed into law by US President George W. Bush on December 8, 2003. HSAs allow employers and/or employees to contribute to a tax-deferred personal savings account which is used to pay smaller and routine medical expenses.

Frequently Asked Questions (FAQ)

  1. What does HSA stand for Tax?

    HSA stands for Health Saving Account in Tax terms.

  2. What is the shortened form of Health Saving Account in Tax?

    The short form of "Health Saving Account" is HSA for Tax.

Citation

HSA in Tax. Acronym24.com. (2021, December 15). Retrieved May 2, 2024 from https://acronym24.com/hsa-meaning-in-tax/

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