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Are HSA Contributions Tax-Deductible?

July 5, 2023 By Insurance Experts Leave a Comment

Contributing money to your health savings account (HSA) can help you save money on healthcare costs. The money you contribute to an HSA can be used to pay for qualified medical expenses tax-free. You can also invest the funds in your account and receive tax-free earnings. And, depending on how you contribute money to your HSA, you may be eligible to deduct the contributions on your tax return.

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