Sure, we love shopping for gifts and the best deals, but we love spending our hard-earned FSA and HSA dollars even more.. Before 2023 ends, it’s a good idea to apply your use-it-or-lose-it funds ...

For individuals with self-only coverage under an HDHP, the annual HSA contribution limit will rise to $4,300 for 2025, up from $4,150 this year. The limit for those with family coverage increases ...

Your HSA must be formally "established" before any expenses can be eligible. State law determines when your HSA is officially established. In most states, if you become eligible for an HSA on Jan ...

The HSA contributions limits have increased for 2026. The maximum for individuals rises to $4,400, and the maximum for families rises to $8,750.

Your HSA won’t incur any more tax liability than a traditional individual retirement account or 401(k). How to maximize your HSA contributions. Your HSA limits how much you can contribute each year.

HSA accounts don’t empty any unused funds at the end of the year. Meaning, if you put $1,000 toward your HSA in 2024, that $1 ...

Let your HSA money grow. The starting point for thinking about how to invest your HSA is to consider when you would actually ...

You can withdraw money from your HSA tax-free. Money for qualified medical expenses can be withdrawn tax-free. Typically, if it's for some other use, you have to pay income tax and a 20% penalty.

HSA stands for Health Savings Account, and its primary function is to save for health costs. However, as I've learned through my reporting, fiscally savvy individuals also like to use it as an ...

If you have a qualifying condition, you might be able to use your pre-tax dollars to purchase an HSA- or FSA-eligible mattress to improve both your sleep and health.

It is possible to make a one-time, tax- and penalty-free distribution from an IRA in your name to an HSA in your name. You must be enrolled in a high-deductible health plan to contribute money to ...

No Tax Deduction: Unlike regular HSA contributions, you won't receive a tax deduction for the rollover amount since IRA funds are typically pre-tax.; Testing Period: You must remain in an HSA ...