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HSA early withdrawal penalty calculator

HSAs are not only a great investment vehicle, but they're also the best way to pay for qualified medical expenses. However, if you take money out of your HSA before the age of 65 for reasons other than paying for qualified medical expenses, you'll have to pay taxes on that amount as well as incur a 20% penalty. It's not recommended except as a last resort.

Use this simple calculator to find out how large of a penalty you'll pay on any amount you withdrawal before the age of 65.

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Common amounts

As seen in

New York Times


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