#018 – Learn how an HSA will earn you a quick and easy return by making an eligible deposit before you file your taxes.

An HSA is  like getting free money!

Don’t Pay FICA or Federal Income Tax
(some states still tax your HSA deposits)

FICA = Social Security Withholding AND Medicare Withholding = 7.65% of your paycheck

Federal  Income Tax Withholding = 10% to 37%

Maximum HSA Deposit in 2021
Individual – $3,600
Head of Household/Married/Family –  $7,200 per year

You keep the money instead of paying Uncle Sam

$3600 x .0765 = $275

$3600x .22 = $792

$1,067 stays in your pocket!  Why give it away when you do not have to?  If you’re a family, you’ll keep even more of your hard-earned paycheck!

I’ve utilized the benefits of Health Savings Accounts since their inception. I prefer Lively HSA

Learn about Lively HSA here

Thanks, as always, for your support!  Please share Doxcost with your family, friends and colleagues.  Visit doxcost.com to learn more.

Open Enrollment Workshop coming late summer 2021!