Why? So they can get penalized when they withdraw it for other purposes?

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Feb 24, 2017
12:27:52pm

Z-rex Walk-on

Just because it's in an HSA doesn't mean they can't use it on other things.

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Z-rex

Bio page: Z-rex
Joined: Oct 31, 2016
Last login: Apr 20, 2017
Total posts: 805 (1 FO)

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Messages

Author

Time

"Inspiring" story about a single mother earning minimum wage getting a $5400 tax

Skeptical Optimist

2/24/17 11:50am

It's probably EIC

Idahofallsblue

2/24/17 11:51am

Earned Income Credit

BigD Coug

2/24/17 11:52am

I wonder how much she's saving for retirement, kids' college,

KingDave

2/24/17 11:52am

You're forgetting EIC and Child Tax Credits

IGlowInTheDark

2/24/17 11:53am

I'm not. As I said in the post, it's probably impossible for her to not get a

Skeptical Optimist

2/24/17 11:56am

I think it's close to half of the country has no federal income tax liability

CSoul

2/24/17 11:58am

I'm sorry, I still don't get what point you are trying to make.

Nathanael Greene

2/24/17 12:33pm

And I think EIC should be deposited in HSA accounts instead

CSoul

2/24/17 11:57am

Save the poor from their own stupidity.

IGlowInTheDark

2/24/17 12:01pm

You should get to make those choices when you are giving the money

CSoul

2/24/17 12:02pm

Thing is, you are not giving it. It is being taken from you and given to someone

Ssebo

2/24/17 12:06pm

I would of course rather have no EIC but I tend to live in some type

CSoul

2/24/17 1:25pm

Why? So they can get penalized when they withdraw it for other purposes?

Z-rex

2/24/17 12:27pm

That's why you change the rules on it, or have special account

CSoul

2/24/17 1:23pm

Actually, it's a fundamental flaw in the idea.

Z-rex

2/24/17 1:32pm

No, you are missing the point. I'm saying removing the ability to pay

CSoul

2/24/17 1:44pm

That's the exact point I addressed.

Z-rex

2/24/17 1:46pm

Sure some will, but you are just stating the problems with no solution

CSoul

2/24/17 1:56pm

Those aren't the outliers. And yes, I agree with the EIC.

Z-rex

2/24/17 2:05pm

Yeh, I just disagree with you then completely. That's fine.

CSoul

2/24/17 2:15pm

While we may not come to a complete agreement, we may very well find

Z-rex

2/24/17 2:25pm

They are probably referring to paying rent for a year in advance.

Ssebo

2/24/17 11:59am

It is a solid move if you would spend it otherwise

Iman23

2/24/17 12:08pm

^^^this. For someone with a great plan and self control, it's wonderful to have

CDV

2/24/17 12:14pm

Sounds like she is doing the best she can

Thunderdome

2/24/17 1:27pm

What's the issue? She kept a roof over her head for another year?

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