Contributing to a health savings account, or HSA, is an efficient way to not only lower your taxes, but also help ensure that you have the money to cover near-term and long-term healthcare costs. But if you mismanage that account, it won't serve you very well.
For the first time in more than a decade, Congress has pushed through important measures to help millions of American save more towards retirement. This bill, as signed into law by President Donald Trump on December 20, 2019, provides many changes to ensure accessibility for all, and will become effective on January 1, 2020.
With the New Year fast approaching, the opportunity to optimize your 2019 finances ahead of next year’s tax filing is upon us.
