HSAs: Will California Conform
Health Savings Accounts (HSAs) are an excellent vehicle for saving money on health care and have tax advantages for your Federal tax returns. But California has yet to conform and, based on last year's experience, probably won't.
According to this article in the San Francisco Chronicle, State Senator Abel Maldonado has reintroduced legislation so that California conforms to Federal law. We'll hope that the bill passes (you can follow the progress here), but we're not holding our breath.
According to this article in the San Francisco Chronicle, State Senator Abel Maldonado has reintroduced legislation so that California conforms to Federal law. We'll hope that the bill passes (you can follow the progress here), but we're not holding our breath.