New Health Savings Accounts Useful for Tax Avoidance

The pamphlet HSA Road Rules (PDF) does a thorough job of explaining these new tax-advantaged health savings accounts from the perspective of the insured, the insurer, the account administrator, and the employer.

These accounts are potentially very useful to people who are resisting taxes by keeping their incomes low.

The IRS Oversight Board complains that “the IRS is leaving billions of dollars on the table simply because it doesn’t have the resources to do its job”:

The omnibus appropriations bill funds the IRS at $10.233 billion for , a one-half percent increase from the funding level. The IRS Oversight Board believes that it will leave the already strapped agency with fewer resources when inflation and the 3.5 percent federal civilian pay raise are factored in.