Can I take the money out of my HSA any time I want? (2024)

Yes. You can take money out any time tax-free and without penalty as long as it is used to pay for qualified medical expenses. If you take money out for other purposes, however, you will pay income taxes on the withdrawal plus a 20% tax penalty.

Reviewed 2015-07-20

Can I take the money out of my HSA any time I want? (2024)
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