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Increased Tax on Nonqualifying HSA or Archer MSA Distributions


The additional tax for HSA withdrawals for other than qualified medical expenses before age 65 are increased from 10% to 20%, and the additional tax for Archer MSA withdrawals for other than qualified medical expenses is increased from 15% to 20%.  Distributions after age 65 are not subject to the penalty.
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    121 S. Washington St.
    Du Quoin, IL 62832