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21:05 Apr 27, 2012 |
English to Polish translations [PRO] Law: Taxation & Customs | |||||||
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| Selected response from: Polangmar Poland Local time: 15:47 | ||||||
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4 | odliczenie z tytułu wpłat na medyczne konto oszczędnościowe Archer(a) |
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odliczenie z tytułu wpłat na medyczne konto oszczędnościowe Archer(a) Explanation: odliczenie/ulga z tytułu wpłat na medyczne konto oszczędnościowe Archer(a) Definition: Archer Medical Savings Accounts (MSA) are tax-deductible savings accounts to save for medical expenses. Archer MSAs, along with Health Savings Accounts, function much like individual retirement accounts. You or your employer contribute savings to an Archer MSA. Your contributions earn interest, which may be tax-deferred or tax-free. Withdrawals for medical expenses are tax-free withdrawals. Withdrawals for non-medical purposes become taxable, and penalties may apply. You can deduct your contributions to an Archer MSA using Form 8853 (PDF) and Instructions (PDF). http://taxes.about.com/od/taxglossary/g/MSA.htm This type of account gets its name from Bill Archer, the congressman who helped create the MSA by sponsoring its amendment. http://www.investopedia.com/terms/a/archer-msa.asp#axzz1tHP0... |
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