Health Savings Accounts (HSA): Tax Benefits
A Health Savings Account (HSA) is a tax-advantaged account available to people who have a High Deductible Health Plan (HDHP). It offers a triple tax advantage that can significantly lower your tax bill. Triple Tax Benefits Contribution Limits (2025) You can contribute up to the following limits for the 2025 tax year: Reporting Requirements (Form […]
Premium Tax Credit & Form 1095-A
If you purchased health insurance through the Health Insurance Marketplace (also known as the Exchange), you may be eligible for the Premium Tax Credit (PTC) to help pay for your coverage. The Requirement to Reconcile If you received “advance” payments of the credit (APTC) to lower your monthly insurance premiums, you must file a tax […]
