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Kiplinger
Kiplinger
Business
Paige Cerulli

FOUND: How to keep track of hsa receipts and paperwork - You Need To See This

(Image credit: Getty Images)

Health savings accounts (HSAs) offer a rare triple tax advantage: Contributions are tax-deductible, investments grow tax-free and withdrawals for qualified medical expenses are tax-free.

Those tax benefits come with an important responsibility, though. If you take tax-free withdrawals from your HSA, you should be able to document that the money was used for qualified medical expenses.

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