NRA Taxability
When a retired employee receives a distribution from a company’s NRA for reimbursement of allowable health care costs, is that distribution taxable?
When a retired employee receives a distribution from a company’s NRA for reimbursement of allowable health care costs, is that distribution taxable?
Permalink Submitted by Alan - IRA critic on Thu, 2020-01-30 22:30
I think you meant to type HRA, not NRA. HRA distributions are not taxable except for any amounts to reimburse non qualified medical expenses.
Permalink Submitted by Jed Stander on Fri, 2020-01-31 21:26
Yes, thank you for the reply and correction. I meant HRA, not NRA. “Shoot!” 😉