
In this episode, we dive into the ins and outs of Health Savings Accounts (HSAs) and the 2023 HSA deduction. Learn how an HSA can help you manage healthcare expenses while reducing your taxable income. We’ll discuss eligibility criteria, contribution limits, and the significant tax benefits, including pre-tax contributions, tax-free withdrawals, and earnings. You’ll also get a step-by-step guide on how to claim the HSA deduction using IRS Form 8889. Whether you have individual or family coverage, this episode will help you understand how to take full advantage of your HSA.