Archive for May, 2006

Great Benefits Of Custodial Savings Account

Wednesday, May 24th, 2006

A custodial savings account is a very specific type of savings account in the sense that it is opened for people at a minor age, or those who are 18 years of age or younger. A custodial savings account may also be opened for people who are over the age of 60. Custodial savings account [...]

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Do I have to report withdrawals from my health savings account if my employer made the contribution?

Saturday, May 20th, 2006

Bern asked: My employer opened a health savings account in 2007. I used those funds for medical bills in 2007. Do I have to report those withdrawals and if so, are they taxable?Leland Werry

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