The HSA Tax Deduction just increased, meaning you can save more money by using this account.
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If you’ve never heard of an HSA before, all you really need to know is that it is a Health Savings Account.

The intent of these accounts is to help you set money aside to pay for health expenses you may incur in the future.

But the tax benefits and tax flexibility of these accounts are what I love the most about them. I use HSAs as a way to shelter income and if you keep watching this video, you will learn how you can do the same.

Intro: (0:00)
What is an HSA?: (0:20)
New HSA Limits!: (1:02)
How to Reduce Taxes with HSAs: (1:50)
Tax-Free Wealth from HSAs: (3:33)
Tax-Free Withdrawals for Qualified Expenses: (4:28)

Note: Your HSA must be used for qualified health expenses. If you withdraw money from your account for non-qualified expenses, additional taxes may apply.

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).