Health Savings Account Archives

What is an HSA “Investment Threshold”?

January 12, 2018January 22, 2018 midlifecroesus

A Health Savings Account (HSA) is a great financial tool for any person aiming for financial freedom simply because of the tax benefits it provides… In 2018 you can contribute $6,900 as a family, or $3,450 as an individual. This is an increase from $$6,750 and $3,400 in 2017. These contributions provide several tax benefits: Deduct from your taxable income, just like an individual retirement account (IRA). Deduct the full amount of your contribution, up to the maximum allowable legal amount, every year. Withdraw money for qualified medical expenses tax…

Tax Benefits of HSA

November 15, 2017January 22, 2018 midlifecroesus

HSA tax benefits are very compelling and are perfect for folks who intend to live a long, healthy life. As such, a Health Savings Account (HSA) is a great tax saving tool for any person living in the U.S. who’s looking to save a few tax dollars. I have had an HSA for a few years. The tax benefits of an HSA are great for people who have high health insurance premiums. Five Tax Benefits of an HSA The HSA is a great tax saving, and investment, tool for five…