Maximize your Health Savings Account
Health insurance is one of the biggest expenses taxpayers have to deal with. If your health insurance plan is highly deductible, you may be eligible to write off up to $3,400 for an HAS contribution.
If you are over 55 years old, you can sock away up to $1,000 – and who wouldn’t want that? The difference between Flexible Spending Account funds and HSAs is that the latter can roll over every year and accumulate for long-term health care expenses.
Special bonus: Once you turn 65, HAS funds can be used for any purpose you want.
