A medical savings account that earns interest that is tax-deductible. An Archer MSA, named for the congressman who sponsored the act creating this type of account, may be used only for medical expenses. Penalties and back-taxes may be assessed in the event of Archer MSA funds being used for non-medical purposes.
Related information about Archer MSA:
- Archer MSA Definition | Investopedia
A savings account that earns tax deductible interest for medical expenses. Archer MSAs are often used by small business or self-employed individuals as a way ...
- Archer MSAs - Tax Glossary
Definition of Archer MSA: Medical Savings Accounts are tax-deductible savings accounts to save for medical expenses.
- Medical savings account (MSA) - Wikipedia
The 'Archer MSA' term refers to the sponsor of the HIPAA amendment ... The Archer MSA is considered an IRS pilot program that must be extended by the US ...
- Publication 969: Medical Savings Accounts (MSAs); Archer MSAs
To understand Archer MSAs, you will want to know what an Archer MSA is and what ... An Archer MSA is a tax-exempt trust or custodial account with a financial ...
- Archer MSA - SmartMedicalConsumer Wiki
Apr 8, 2009 ... An Archer MSA is a tax-exempt trust or custodial account that you set up with a U.S. financial institution (such as a bank or an insurance ...
- 2012 Instructions for Form 8853 - Internal Revenue Service
acquired an interest in an Archer MSA or a. Medicare Advantage ... To be eligible for an Archer MSA, you (or ... month to take an Archer MSA deduction for that ...
- Archer Medical Savings Accounts – Federal Tax Guide • 1040.com ...
Contributions to your Archer MSA qualify for a deduction on your tax return, ... Archer MSA accounts stay with you, even if you change employers or leave the ...
- Investment Tips: What Is An Archer Msa?
For the self-employed or employees of a small business, an Archer MSA may be a solution to health care costs.