New Feature - HSAs in TOTAL

▤ Summary

In the program they will be included in the list of Retirement Plans such as 401ks, IRAs, Roths, etc. Health Savings Accounts (HSAs) provide a number of tax benefits that make them attractive: With these benefits does come some drawbacks: In TOTAL, withdrawals made to cover medical expenses entered in Itemized Deductions will not be taxable. Medical insurance premiums are not considered qualified expenses for HSAs in TOTAL. In the event of a shortage that causes asset withdrawals, TOTAL will first use the HSA to cover medical expenses. After the medical expenses, or if the clients have none entered, then the HSA will be the last asset used to cover the shortfall.

▦ Linked Companies

Moneytree Software

$1M to $5M