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| In article <59hgi6F2k87s3U1[at]mid.individual.net> , "Joya" <j[at]oye.iswrote: - quote - > there's this one-time transfer for around 5k possible from IRA to HSA without
This conversion is limited to the amount you could fund the HSA in the> any > penalty or taxes > are there some nifty reasons for doing this vs. don't do it because of ..... > ? year you take advantage of it. For 2007, that is $2850 (+$800 "catch-up" if applicable). Since you can deduct this contribution "above the line" if made from ordinary income, there is not really all that much going for it, in most cases -- it mostly helps if you can't fund the HSA any other way. |
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| Joya wrote: - quote - > there's this one-time transfer for around 5k possible from IRA to HSA > without any penalty or taxes > are there some nifty reasons for doing this vs. don't do it because of > ..... ? Is there a limit on how much? Or does the rollover amount count towards your annual $5650 maximum contribution? I have one IRA worth about $4000 that's just sitting in an annuity, paying 4.5%. I haven't rolled it into my HSA yet because I didn't want to use up my one-time. (Hoping to roll over many thousands from another IRA when I'm ready to retire, or when the rollover law expires.) Bob |
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| On Apr 28, 11:10 am, "Joya" <j...[at]oye.is> wrote: - quote - > there's this one-time transfer for around 5k possible from IRA to HSA without any
If your employer doesn't contribute to the max and you have upcoming> penalty or taxes > are there some nifty reasons for doing this vs. don't do it because of ..... ? medical expenses, that allows some IRA money to be never taxed instead of taxed at retirement. |
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| there's this one-time transfer for around 5k possible from IRA to HSA without any penalty or taxes are there some nifty reasons for doing this vs. don't do it because of ..... ? |
| Tags |
| hsa, ira, onetime |
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