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I am leaving USA. I have some money left in my HSA account.

Customer Question
How could I withdraw it...
I am leaving USA. I have some money left in my HSA account. How could I withdraw it? Is there any penalty?
Submitted: 2 years ago.Category: Tax
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Answered in 3 hours by:
8/31/2015
Tax Professional: Barbara, Enrolled Agent replied 2 years ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 4,036
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
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Welcome to Just Answer. My name is ***** ***** I will be happy to assist you today.

You can withdraw the funds from your HSA account, but if the funds are withdrawn for any expense other than a qualified medical expense, the IRS will impose a 20% penalty tax.

Thank you and best regards,

Barb

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Tax Professional: Barbara, Enrolled Agent replied 2 years ago

Just following up with you to see if you have any other questions. If so, please come back to me here at your convenience, and I will be happy to assist you. If not, please take a moment to rate my answer since that is the only way I receive credit for answering you and alerts Just Answer to compensate me.

Best regards,

Barb

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Barbara
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 4,036
4,036 Satisfied Customers
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.

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