04/22/2021
How can you save money pre-tax for medical, dental, vision or dental expenses? As well as use the money for general household purchases without touching your paycheck?
For the month of , let's talk ! How can you bring home more and lower ⬇️your ?
In regards to medical, dental, vision, and dependent care costs; the utilization of a Health Savings Account or Flexible Spending Account is essential. These accounts differ but allow you to utilize pre-tax dollars for these expenses. Some of these accounts even have investment options which are beneficial for retirement. With a HSA, you can claim a tax deduction for contributions you, or someone other than your employer, make to your HSA even if you don't itemize your deductions.
Also, the funds can be utilized to purchase common items, such as: allergy/cough/cold/flu medicine, bandages, first aid kits, shoe inserts, condoms, pregnancy tests, feminine care items, face cleansers, pediatric items, etc. This will allow you to not utilize post tax dollars on medical, dental, vision, dependent care expenses or on general items. Save your paycheck MONEY to INVEST or utilize ELSEWHERE!
Start now, to prepare for your !
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