Dietary Supplements: New Rules for Health Savings Account Payments
This bill allows dietary supplements to be paid for using health savings accounts like HSAs, FSAs, and HRAs. This means expenses for dietary supplements will be treated as medical expenses, potentially offering tax benefits to citizens. These changes will apply to taxable years ending after the bill's enactment date.
Key points
Dietary supplements can now be paid for using Health Savings Accounts (HSA), Flexible Spending Arrangements (FSA), and Health Reimbursement Arrangements (HRA).
Expenses for dietary supplements will be considered medical care costs, potentially reducing taxable income.
The changes apply to taxable years ending after the law is enacted.
Expired
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