Tax Solutions Group

If you qualify to contribute to a Health Savings Account (HSA), you've unlocked a powerful tax savings tool!

The pros of an HSA?

→ Contributions made through your employer are pre-tax
→ Direct contributions (outside of payroll) are tax-deductible
→ Growth is tax-free
→ Withdrawals are tax-free (when used for qualified medical expenses)

Funds for an HSA can be used without penalty on qualified medical expenses.

What's a qualified medical expense?

Generally, the medical expenses from IRS Publication 502 count, but check with your tax accountant because some expenses are HSA-eligible even if you can't deduct them on your tax return.

Make sure to keep receipts and documentation for all of your HSA usage; the IRS can request this in an audit!