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Getting the Most from Your Chase HSA Tax Time  Form

Getting the Most from Your Chase HSA Tax Time Form

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hey guys mike for ontario here with retirement theory and today i'm going to give you a little tidbit about the hsa otherwise known as the health savings account one of my favorite kinds of accounts and in fact if you haven't seen it let me point you to my blog from november of 2020 called should i fund an hsa so just a little bit of background if you fund an hsa basically your contributions the money that you put in go in pre-tax so you get a deduction when the money goes in all right and you can put in 3 600 a year um this year 2021 7200 if you are if you have a family plan and an extra thousand dollars if you're 55 or older now when you go to pull money out you can take the that money out of the hsa and put it toward your health expenses tax free okay as long as they are qualified expenses those expenses do not have to occur in the same year that you use the hsa okay so what does that mean if you have medical expenses okay qualified uh health expenses and you pay for those expenses

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