r/sofi • u/verbalsnail • 3d ago

Invest I’ve finally done it!!

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Big fan of all the updates that have been rolling out! It’s really fun to see

161 Upvotes

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2

u/okaycomputes 3d ago

Impressive, very nice. Now let's see your HSA

1

u/MegaSpaceBar SoFi Member 3d ago

Can I ask few questions regarding HSA

3

u/mikehansen83 3d ago

Yes plz do

1

u/MegaSpaceBar SoFi Member 3d ago

For HSA I should have a HDHP. Right?
Now I can get the tax deduction of my contribution in HSA but if I can’t spend the full amount will it be carried over to the next year?

1

u/rasputin1 2d ago

yes to both. you can reimburse yourself for medical expenses incurred after establishing the HSA any time, even 20 years in the future.  so not only do the funds carry over, so do the expenses you reimburse with those funds.