"Health Savings Account (HSA) Explained, Tax Benefits and New 2025 Limits!"
Wondering how a Health Savings Account (HSA) can benefit you? Tiffany Gonzalez, CPA, breaks it down in this video.
An HSA is a tax-advantaged savings account designed to help you pay for qualified medical expenses. You can contribute pre-tax dollars, which grow tax-free, and withdrawals are also tax-free when used for eligible healthcare costs.
But there's more—HSAs can also act as a long-term savings tool because any unused funds roll over each year. For 2025, the IRS has increased the contribution limits, if you're 55 or older, you can add even more!
Understanding how HSAs work can help you maximize your healthcare savings and plan for future medical expenses.
Tune in and get your financial I.Q. up and make the most of these new 2025 limits!
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