Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
Regulation 1997-4 - Comprehensive Individual Income Tax Regulations
Rule 26-51-436 - MEDICAL SAVINGS ACCOUNTS
Rule 1.26-51-436(7) - Medical Savings Account (MSA) - Taxability of Account Distributions

Universal Citation: AR Admin Rules 1.26-51-436(7)

Current through Register Vol. 49, No. 9, September, 2024

Distributions from an MSA that are used to pay the *qualified medical expenses of an individual or the individual's spouse or dependents are excludable from gross income. IRC Sec. 220(f)(1).

*"qualified medical expenses" are any expenses for medical care as defined under the rules relating to the itemized deduction for medical expenses. See IRC Sec. 220(d)(2)(A).

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