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Health Savings Account (HSA) owners, here’s some interesting tax news: you can make HSA contributions for the previous year before this year’s tax deadline! HSA contributions for last year The IRS allows for a fair amount of flexibility when it comes to HSA contributions, particularly when it comes to contribution deadlines. For those who were … More >>
Health Savings Accounts are increasing in popularity due to participants’ ability to reduce healthcare expenses, save on taxes, and put additional money aside for retirement. HSAs have been available since 2005, and people have many questions about how to qualify for an account, what expenses are eligible, how to open an account, and other Health … More >>
Did you know that a change of status during the plan year affects the account holder’s annual Health Savings Account (HSA) contribution limit? The following provides an overview of regulations plus examples of how the changes to contribution limits are calculated. If you have an HSA, you’re probably aware that you can change your contribution … More >>