HSA Easy 28% Return By May 17th

15/04/2021 17 min Episodio 18
HSA Easy 28% Return By May 17th

Listen "HSA Easy 28% Return By May 17th"

Episode Synopsis

#018 - Learn how an HSA will earn you a quick and easy return by making an eligible deposit before you file your taxes.An HSA is  like getting free money!Don't Pay FICA or Federal Income Tax(some states still tax your HSA deposits)FICA = Social Security Withholding AND Medicare Withholding = 7.65% of your paycheckFederal  Income Tax Withholding = 10% to 37%Maximum HSA Deposit in 2021Individual - $3,600Head of Household/Married/Family -  $7,200 per yearYou keep the money instead of paying Uncle Sam$3600 x .0765 = $275$3600x .22 = $792$1,067 stays in your pocket!  Why give it away when you do not have to?  If you're a family, you'll keep even more of your hard-earned paycheck!I've utilized the benefits of Health Savings Accounts since their inception. I prefer Lively HSALearn about Lively HSA hereThanks, as always, for your support!  Please share Doxcost with your family, friends and colleagues.  Visit doxcost.com to learn more.Open Enrollment Workshop coming late summer 2021!