05/15/2021
🐻 If you have a hig-deductible health plan, you can contribute to a health savings account and get a triple tax benefit.
The money goes in pretax, grows tax free, and comes out tax free if you use it for eligible healthcare expenses.
You can make 2020 contributions through May 17, 2021.
For 2020, the maximum contribution amount is $3,550 for individual coverage, or $7,100 for family coverage, plus a $1,000 catch-up if you’re 55 or older.