Ark. Code R. 26-51-436 - 1(6) (1997) - Medical Savings Account (msa) - Taxability of Account Earnings

26-51-436 - 1(6) - Medical Savings Account (msa) - Taxability of Account Earnings

MSA earnings are exempt from income taxation. However, if an MSA ceases to be an MSA, the account's subsequent earnings would be subject to taxation. IRC Sec. 220(e).

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