Friday, March 05, 2010

One way to save on taxes - HSA

One way you can help reduce the amount of taxes taken from your pay is to look into having a health savings account. There are many advantages to HSA's including the fact that they go with you no matter where you are employed and there is no "use it or lose it" clause. There are also quite a few other options in funding an HSA that you can look into, including rolling over money from an IRA. The rules are fairly concise and in some situations there can be a penalty so it pays to do your homework and know what exactly what is allowed and what is not allowed under the current law.

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