HSA contributions
HSA contributions are an essential part of maximizing your Health Savings Account (HSA) benefits. For 2024, the contribution limits are $3,850 for individuals and $7,750 for families, with an additional catch-up contribution of $1,000 for those aged 55 and older. Contributions to an HSA are tax-deductible, reducing your taxable income while providing tax-free growth on your investments. Understanding the eligibility requirements and how to manage your contributions can significantly enhance your ability to save for qualified medical expenses. By strategically contributing to your HSA, you can improve your overall financial health and ensure adequate funds for future healthcare needs
- Retirement Planning
The Importance of Health Savings Accounts (HSAs) for Retirement Planning
When people think about retirement, they often focus on accumulating savings through 401(k)s or IRAs, but one key aspect of…
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