What tax penalty will be imposed on her hsa distribution
Problem
Cheryl took early retirement at age 55 last year and received a $10,000 taxable distribution from her HSA during the year. What, if any, tax penalty will be imposed on her HSA distribution if no exception to the penalty applies?
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Pam, a married taxpayer, is a computer engineer and earned $100,000. She has been working part-time. What is their taxable income for the year 2022?
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How much of the distribution, if any, would Trevor be required to recognize as income in 2022?
What, if any, tax penalty will be imposed on her HSA distribution if no exception to the penalty applies?
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