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HSA

How to save medical receipts for HSA

Do you want an average HSA or a supercharged retirement account? This is one of the best tax loopholes (of course legal!). If you want to make your HSA a supercharged retirement account you need to withdraw money from HSA once it has been compounded tax-free for a number of years rather than withdrawing every […]

Categories
HSA

HSA Contribution Limits for Tax Years 2018, 2019 and 2020

The contribution limits to your HSA are adjusted to inflation each year by the IRS. Tax Year 2018 2019 2020 Individual $3,450 $3,500 $3,550 Family $6,900 $7,000 $7,200 Age 55+ +$,1000 +$1,000 +$1,000 Note that employer contribution, third party contributions are included in these limits. A third-party contribution is when sometimes insurers put in some […]