qualified medical expense
A health related cost the IRS officially approves so you can pay for it using HSA money without owing taxes on that withdrawal.
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Words beside it
- Expense ratio
A fund's annual fee as a percent of assets, deducted from returns before you see them.
- Qualified dividend
A dividend taxed at the lower long term capital gains rate.
- qualifying expense
A purchase the IRS officially approves so you can use your HSA money on it without owing taxes. Medical costs like doctor visits and prescriptions are common examples.
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