Health Savings Accounts (HSAs) let you set aside money tax-free to cover deductibles and out of pocket health care expenses when you have a High Deductible Health Plan (HDHP). Distributions used to pay health care expenses are also tax=free.
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- Health Savings Accounts: What’s Not to Love?Health Savings Accounts (HSAs) let you set aside money tax-free to cover deductibles and out of pocket health care expenses when you have a High Deductible Health Plan (HDHP). Distributions used to pay health care expenses are also tax=free.
- Free Income Tax Preparation at VITA and TCE Sites
Free tax preparation is available at many locations throughout the country. Check eligibility and schedule your appointment before they fill up. - Reading Suggestions
In the January 2024 issue of Kiplinger Personal Finance magazine, there were two articles that make for very good reading. You can probably… - To Roth or Not: Deciding between Traditional and Roth Contributions to 403(b) and 401(k) Plans
Roth and tax-deferred options in employer retirement plans each have advantages. But the only bad decision would be not contributing at all. - Dear Young Friend: Retirement Savings Can Reduce TaxesEarly in your career, it's hard to save money in a retirement plan that you can't touch for 40 years. How about a Roth IRA?
Karen Chan Financial Education & Consulting, LLC 